Is Malaysia exchange rate misalignment before the 1997 crisis?

• المؤلفون الرئيسيون: Lee, Chin, Mohamed, Azali, Yusop, Zulkornain, Yusoff, Mohammed
• التنسيق: مقال
• اللغة: English
• منشور في: Labuan Faculty of International Finance, Universiti Malaysia Sabah 2008
• الوصول للمادة أونلاين: http://psasir.upm.edu.my/id/eprint/15308/1/15308.pdf; http://psasir.upm.edu.my/id/eprint/15308/; http://wwwkal.ums.edu.my/lbibf/index.php/published-articles-downloadable/category/10-volume-6-2008

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...