International reserves, current account imbalance and external debt : evidence from Malaysia.

• Main Authors: Nor, Eliza, Mohamed, Azali, Law, Siong Hook
• Format: Article
• Language: English; English
• Published: International Islamic University Malaysia 2008
• Online Access: http://psasir.upm.edu.my/id/eprint/15273/1/International%20reserves.pdf; http://psasir.upm.edu.my/id/eprint/15273/; http://www.iium.edu.my/enmjournal/index.php/enmj

The purpose of the study is to analyze both the short-run and long-run demand for international reserves in Malaysia for the period 1970-2004. The autoregressive distributed lag (ARDL) bounds testing approach proposed by Pesaran, Shin, and Smith (2001) is used to test for the existence of cointegra...