Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia

This study presents an attempt to investigate the impact of exchange rate misalignment on capital inflows in Malaysia. Specifically, a precise threshold value is estimated to examine when exchange rate misalignment suppresses capital inflows. To pursue these objectives, this study relies on the en...

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Main Authors:	Mohd Sidek , Noor Zahirah, Yusoff, Mohammed, Munir, Qaiser
Format:	Conference or Workshop Item
Language:	English English English
Published:	2009
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/26005/ http://irep.iium.edu.my/26005/ http://irep.iium.edu.my/26005/1/1683.pdf http://irep.iium.edu.my/26005/2/Final---BAI2009__Agenda_page7.pdf http://irep.iium.edu.my/26005/7/Cover_of_Proceedings.pdf

id	iium-26005
recordtype	eprints
spelling	iium-260052013-07-19T01:28:41Z http://irep.iium.edu.my/26005/ Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia Mohd Sidek , Noor Zahirah Yusoff, Mohammed Munir, Qaiser HG Finance This study presents an attempt to investigate the impact of exchange rate misalignment on capital inflows in Malaysia. Specifically, a precise threshold value is estimated to examine when exchange rate misalignment suppresses capital inflows. To pursue these objectives, this study relies on the endogenous threshold analysis as of Hansen (1996, 2000). Results suggest that misalignment in terms of currency overvaluation, has a negative and significant effect when overvaluation is more than 15 percent. This estimate is consistent and robust despite the changes in the choice of explanatory variables. Keywords: Exchange rate misalignment, Capital inflows competitiveness, Threshold effect. 2009 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/26005/1/1683.pdf application/pdf en http://irep.iium.edu.my/26005/2/Final---BAI2009__Agenda_page7.pdf application/pdf en http://irep.iium.edu.my/26005/7/Cover_of_Proceedings.pdf Mohd Sidek , Noor Zahirah and Yusoff, Mohammed and Munir, Qaiser (2009) Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia. In: International Conference on Business and Information, 6-8 July 2009, Kuala Lumpur . (Unpublished) http://bai2009.org
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	HG Finance
spellingShingle	HG Finance Mohd Sidek , Noor Zahirah Yusoff, Mohammed Munir, Qaiser Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia
description	This study presents an attempt to investigate the impact of exchange rate misalignment on capital inflows in Malaysia. Specifically, a precise threshold value is estimated to examine when exchange rate misalignment suppresses capital inflows. To pursue these objectives, this study relies on the endogenous threshold analysis as of Hansen (1996, 2000). Results suggest that misalignment in terms of currency overvaluation, has a negative and significant effect when overvaluation is more than 15 percent. This estimate is consistent and robust despite the changes in the choice of explanatory variables. Keywords: Exchange rate misalignment, Capital inflows competitiveness, Threshold effect.
format	Conference or Workshop Item
author	Mohd Sidek , Noor Zahirah Yusoff, Mohammed Munir, Qaiser
author_facet	Mohd Sidek , Noor Zahirah Yusoff, Mohammed Munir, Qaiser
author_sort	Mohd Sidek , Noor Zahirah
title	Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia
title_short	Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia
title_full	Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia
title_fullStr	Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia
title_full_unstemmed	Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia
title_sort	exchange rate misalignment and capital inflows: an endogenous threshold analysis for malaysia
publishDate	2009
url	http://irep.iium.edu.my/26005/ http://irep.iium.edu.my/26005/ http://irep.iium.edu.my/26005/1/1683.pdf http://irep.iium.edu.my/26005/2/Final---BAI2009__Agenda_page7.pdf http://irep.iium.edu.my/26005/7/Cover_of_Proceedings.pdf
first_indexed	2023-09-18T20:38:47Z
last_indexed	2023-09-18T20:38:47Z
_version_	1777409224679096320

Exchange rate misalignment and capital inflows: an endogenous threshold analysis for Malaysia

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