Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia
The finding of exchange rate–relative price nonlinear cointegration relationship in Malaysia, among others, suggests that nonlinear Purchasing Power Parity (PPP) equilibrium may be regarded as reference point in judging the short run misalignment of the Ringgit currency and thereby deducing effectiv...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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AccessEcon
2005
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| Online Access: | http://ir.unimas.my/id/eprint/1612/ http://ir.unimas.my/id/eprint/1612/1/Exchange%20Rate%20%E2%80%93%20Relative%20Price%20Nonlinear%20Cointegration%20%2810%25%29.pdf |
| _version_ | 1848834795675582464 |
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| author | Venus, Khim-Sen Liew Kian−Ping, Lim Evan, Lau Chee-Keong, Choong |
| author_facet | Venus, Khim-Sen Liew Kian−Ping, Lim Evan, Lau Chee-Keong, Choong |
| author_sort | Venus, Khim-Sen Liew |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | The finding of exchange rate–relative price nonlinear cointegration relationship in Malaysia, among others, suggests that nonlinear Purchasing Power Parity (PPP) equilibrium may be regarded as reference point in judging the short run misalignment of the Ringgit currency and thereby deducing effective policy actions. Moreover, economists who wish to extend the simple PPP exchange rate model into the more complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be tailored in a nonlinear way to suit the nonlinear characteristic of exchange rate behaviour |
| first_indexed | 2025-11-15T05:57:39Z |
| format | Article |
| id | unimas-1612 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T05:57:39Z |
| publishDate | 2005 |
| publisher | AccessEcon |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-16122016-12-28T02:42:32Z http://ir.unimas.my/id/eprint/1612/ Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia Venus, Khim-Sen Liew Kian−Ping, Lim Evan, Lau Chee-Keong, Choong HC Economic History and Conditions The finding of exchange rate–relative price nonlinear cointegration relationship in Malaysia, among others, suggests that nonlinear Purchasing Power Parity (PPP) equilibrium may be regarded as reference point in judging the short run misalignment of the Ringgit currency and thereby deducing effective policy actions. Moreover, economists who wish to extend the simple PPP exchange rate model into the more complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be tailored in a nonlinear way to suit the nonlinear characteristic of exchange rate behaviour AccessEcon 2005 Article PeerReviewed text en http://ir.unimas.my/id/eprint/1612/1/Exchange%20Rate%20%E2%80%93%20Relative%20Price%20Nonlinear%20Cointegration%20%2810%25%29.pdf Venus, Khim-Sen Liew and Kian−Ping, Lim and Evan, Lau and Chee-Keong, Choong (2005) Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia. Economics Bulletin, 6 (11). pp. 1-11. ISSN 1545-2921 http://www.accessecon.com/pubs/EB/2005/Volume6/EB-05F30006A.pdf |
| spellingShingle | HC Economic History and Conditions Venus, Khim-Sen Liew Kian−Ping, Lim Evan, Lau Chee-Keong, Choong Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia |
| title | Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia |
| title_full | Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia |
| title_fullStr | Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia |
| title_full_unstemmed | Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia |
| title_short | Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia |
| title_sort | exchange rate – relative price nonlinear cointegration relationship in malaysia |
| topic | HC Economic History and Conditions |
| url | http://ir.unimas.my/id/eprint/1612/ http://ir.unimas.my/id/eprint/1612/ http://ir.unimas.my/id/eprint/1612/1/Exchange%20Rate%20%E2%80%93%20Relative%20Price%20Nonlinear%20Cointegration%20%2810%25%29.pdf |