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 teste...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Labuan Faculty of International Finance, Universiti Malaysia Sabah
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/15308/1/15308.pdf |
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