International reserves, current account imbalance and external debt : evidence from Malaysia.
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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
International Islamic University Malaysia
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/15273/ http://psasir.upm.edu.my/id/eprint/15273/1/International%20reserves.pdf |
| _version_ | 1848842630929055744 |
|---|---|
| author | Nor, Eliza Mohamed, Azali Law, Siong Hook |
| author_facet | Nor, Eliza Mohamed, Azali Law, Siong Hook |
| author_sort | Nor, Eliza |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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
cointegration relationship between the demand for international reserves and its determinants. The empirical results suggest that current account balance and short-term external debt significantly affect the demand for international reserves both in the long run and short run. |
| first_indexed | 2025-11-15T08:02:12Z |
| format | Article |
| id | upm-15273 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T08:02:12Z |
| publishDate | 2008 |
| publisher | International Islamic University Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-152732015-12-22T04:40:13Z http://psasir.upm.edu.my/id/eprint/15273/ International reserves, current account imbalance and external debt : evidence from Malaysia. Nor, Eliza Mohamed, Azali Law, Siong Hook 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 cointegration relationship between the demand for international reserves and its determinants. The empirical results suggest that current account balance and short-term external debt significantly affect the demand for international reserves both in the long run and short run. International Islamic University Malaysia 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/15273/1/International%20reserves.pdf Nor, Eliza and Mohamed, Azali and Law, Siong Hook (2008) International reserves, current account imbalance and external debt : evidence from Malaysia. IIUM Journal of Economics and Management, 16 (1). pp. 47-76. ISSN 0128-006 http://www.iium.edu.my/enmjournal/index.php/enmj English |
| spellingShingle | Nor, Eliza Mohamed, Azali Law, Siong Hook International reserves, current account imbalance and external debt : evidence from Malaysia. |
| title | International reserves, current account imbalance and external debt : evidence from Malaysia. |
| title_full | International reserves, current account imbalance and external debt : evidence from Malaysia. |
| title_fullStr | International reserves, current account imbalance and external debt : evidence from Malaysia. |
| title_full_unstemmed | International reserves, current account imbalance and external debt : evidence from Malaysia. |
| title_short | International reserves, current account imbalance and external debt : evidence from Malaysia. |
| title_sort | international reserves, current account imbalance and external debt : evidence from malaysia. |
| url | http://psasir.upm.edu.my/id/eprint/15273/ http://psasir.upm.edu.my/id/eprint/15273/ http://psasir.upm.edu.my/id/eprint/15273/1/International%20reserves.pdf |