Currency crisis and stock price behavior: evidence from the Kuala Lumpur Composite Index / Anuar Wahab and Dr. Nik Muhammad Naziman Abd Rahman

• Main Authors: Wahab, Anuar, Abd Rahman, Nik Muhammad Naziman
• Format: Book Section
• Language: English
• Published: Universiti Teknologi MARA, Kedah 2003
• Subjects: Investment, capital formation, speculation; Stock price indexes. Stock quotations
• Online Access: https://ir.uitm.edu.my/id/eprint/86297/1/86297.pdf; https://ir.uitm.edu.my/id/eprint/86297/

This research uses an error correction model to explore the asymmetric effects of five different exchange rates on the Kuala Lumpur Composite Index (KLCI) during the period of currency crisis. Order of integration was checked using the Augmented Dickey Fuller and Phillip-Perons tests for unit root....