Is Malaysia exchange rate misalignment before the 1997 crisis?
This paper seeks to use the flexible-price monetary model in the cointegration and vector error correction model (VECM) contexts to determine whether there was misalignment in the Malaysian ringgit - U.S. dollar before the 1997 currency crisis. Unit roots, cointegration and weak exogeneity are t...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaysia Sabah
2008
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/25907/ http://irep.iium.edu.my/25907/ http://irep.iium.edu.my/25907/1/IS_MALAYSIA_EXCHANGE_RATE_MISALIGNMENT_BEFORE.pdf |