Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL
The main purpose of this paper is to analyze the impact of Malaysian selective capital control policy on the international transmission of stock price movement and international market integration. Empirical study was done on two different time regimes, i.e. before capital control (January 1995 unti...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2001
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| Online Access: | http://journalarticle.ukm.my/1753/ http://journalarticle.ukm.my/1753/1/1470-2759-1-SM.pdf |
| _version_ | 1848809644792741888 |
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| author | Tamat Sarmidi, Abu Hassan Shaari Mohd Nor, |
| author_facet | Tamat Sarmidi, Abu Hassan Shaari Mohd Nor, |
| author_sort | Tamat Sarmidi, |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | The main purpose of this paper is to analyze the impact of Malaysian selective capital control policy on the international transmission of stock price movement and international market integration. Empirical study was done on two different time regimes, i.e. before capital control (January 1995 until May 1997) and after capital control (September 1998 until December 1999). Vector Autoregressive (VAR) model including Johansen-Juselius multivariate cointegration test, vector error-correction model (VECM), and impulse response functions (IRFs) were utilised. The above econometric methods together with ECTs are capable of detecting the impact of external forces on domestic stock markets. The results showed that after the capital control policy was imposed, the integration between equity markets is still maintained with a greater and wilder responses |
| first_indexed | 2025-11-14T23:17:54Z |
| format | Article |
| id | ukm-1753 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T23:17:54Z |
| publishDate | 2001 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ukm-17532016-12-14T06:30:09Z http://journalarticle.ukm.my/1753/ Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL Tamat Sarmidi, Abu Hassan Shaari Mohd Nor, The main purpose of this paper is to analyze the impact of Malaysian selective capital control policy on the international transmission of stock price movement and international market integration. Empirical study was done on two different time regimes, i.e. before capital control (January 1995 until May 1997) and after capital control (September 1998 until December 1999). Vector Autoregressive (VAR) model including Johansen-Juselius multivariate cointegration test, vector error-correction model (VECM), and impulse response functions (IRFs) were utilised. The above econometric methods together with ECTs are capable of detecting the impact of external forces on domestic stock markets. The results showed that after the capital control policy was imposed, the integration between equity markets is still maintained with a greater and wilder responses Penerbit Universiti Kebangsaan Malaysia 2001-07 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/1753/1/1470-2759-1-SM.pdf Tamat Sarmidi, and Abu Hassan Shaari Mohd Nor, (2001) Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL. Jurnal Pengurusan, 20 . ISSN 0127-2713 http://www.ukm.my/penerbit/jurus.htm |
| spellingShingle | Tamat Sarmidi, Abu Hassan Shaari Mohd Nor, Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL |
| title | Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL |
| title_full | Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL |
| title_fullStr | Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL |
| title_full_unstemmed | Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL |
| title_short | Keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di BSKL |
| title_sort | keberkesanan dasar kadar pertukaran tetap dalam mengkesampingkan faktor luar di bskl |
| url | http://journalarticle.ukm.my/1753/ http://journalarticle.ukm.my/1753/ http://journalarticle.ukm.my/1753/1/1470-2759-1-SM.pdf |