Venus, Khim-Sen Liew and Ahmad Zubaidi, Baharumshah and Muzafar Shah, Habibullah and Habshah, Midi (2006) Monetary Exchange Rate Model : Supportive Evidence from Nonlinear Testing Procedures. [Working Paper]
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Abstract
Using nonlinear testing procedures relevant to the recent literature, this study provides evidence of nonlinear adjustment of nominal exchange rate towards monetary fundamentals in the context of ASEAN-5 countries. While it supports earlier findings supportive of monetary exchange rate model in this region using the linear testing procedures, this study provides insightful information in explaining why persistent misalignments between nominal exchange rate and monetary fundamentals are often observed in the sample data.
| Item Type: | Working Paper |
|---|---|
| Uncontrolled Keywords: | monetary model; exchange rate; nonlinear; unit root test; linearity test; STAR model, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak. |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Gani |
| Date Deposited: | 06 May 2020 02:17 |
| Last Modified: | 04 Aug 2021 03:00 |
| URI: | http://ir.unimas.my/id/eprint/29593 |
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