ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity
This study finds that nominal exchange rate exhibits nonlinear long-run relationship with money supplies and aggregate outputs, in the context of ASEAN-5 countries, thereby validating the monetary model of exchange rate. While it is consistent with the earlier findings using the linear testing proce...
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| Format: | Article |
| Language: | English |
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Serials Publications
2011
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| Online Access: | http://ir.unimas.my/id/eprint/18606/ http://ir.unimas.my/id/eprint/18606/7/ASEAN-5%20EXCHANGE%20RATE%20DETERMINATION%20%28abstract%29.pdf |
| _version_ | 1848838548407451648 |
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| author | Venus Liew, Khim Sen Ahmad Zubaidi, Baharumshah Muzafar Shah, Habibullah Habshah, Midi |
| author_facet | Venus Liew, Khim Sen Ahmad Zubaidi, Baharumshah Muzafar Shah, Habibullah Habshah, Midi |
| author_sort | Venus Liew, Khim Sen |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This study finds that nominal exchange rate exhibits nonlinear long-run relationship with money supplies and aggregate outputs, in the context of ASEAN-5 countries, thereby validating the monetary model of exchange rate. While it is consistent with the earlier findings using the linear testing procedures in this region, the current evidence of nonlinear relationship provides insightful information in explaining
why nominal exchange rate misalignments can sometimes be persistent in the short-run. With regard to the monitoring of exchange rates in these countries, policy makers could focus on the set of monetary variables, which have been shown well-coordinated with the dynamic of exchange rates in this study. |
| first_indexed | 2025-11-15T06:57:18Z |
| format | Article |
| id | unimas-18606 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:18Z |
| publishDate | 2011 |
| publisher | Serials Publications |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-186062023-06-14T03:01:56Z http://ir.unimas.my/id/eprint/18606/ ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity Venus Liew, Khim Sen Ahmad Zubaidi, Baharumshah Muzafar Shah, Habibullah Habshah, Midi HB Economic Theory This study finds that nominal exchange rate exhibits nonlinear long-run relationship with money supplies and aggregate outputs, in the context of ASEAN-5 countries, thereby validating the monetary model of exchange rate. While it is consistent with the earlier findings using the linear testing procedures in this region, the current evidence of nonlinear relationship provides insightful information in explaining why nominal exchange rate misalignments can sometimes be persistent in the short-run. With regard to the monitoring of exchange rates in these countries, policy makers could focus on the set of monetary variables, which have been shown well-coordinated with the dynamic of exchange rates in this study. Serials Publications 2011 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18606/7/ASEAN-5%20EXCHANGE%20RATE%20DETERMINATION%20%28abstract%29.pdf Venus Liew, Khim Sen and Ahmad Zubaidi, Baharumshah and Muzafar Shah, Habibullah and Habshah, Midi (2011) ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity. Journal of International Economic Review, 4 (1). pp. 1-11. ISSN 0975-2080 https://serialsjournals.com/index.php?route=product/product&path=51&product_id=438 |
| spellingShingle | HB Economic Theory Venus Liew, Khim Sen Ahmad Zubaidi, Baharumshah Muzafar Shah, Habibullah Habshah, Midi ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity |
| title | ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity |
| title_full | ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity |
| title_fullStr | ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity |
| title_full_unstemmed | ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity |
| title_short | ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity |
| title_sort | asean-5 exchange rate determination in the presence of nonlinearity |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18606/ http://ir.unimas.my/id/eprint/18606/ http://ir.unimas.my/id/eprint/18606/7/ASEAN-5%20EXCHANGE%20RATE%20DETERMINATION%20%28abstract%29.pdf |