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Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia

This study presents an attempt to investigate the impact of exchange rate misalignment on capital inflows in Malaysia. Specifically, a precise threshold value is estimated to examine when exchange rate misalignment suppresses capital inflows. To pursue these objectives, this study relies on the en...

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Main Authors: Mohd Sidek, Noor Zahirah, Yusoff, Mohammed, Qaiser, Munir
Format: Article
Language:English
Published: 2009
Subjects:
H Social Sciences (General)
HB Economic Theory
HC Economic History and Conditions
Online Access:http://irep.iium.edu.my/7966/1/Exchange_rate_misalignment_and_capital_inflows_An_endogenous_threshold_analysis_for_Malaysia.pdf
http://irep.iium.edu.my/7966/
http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I4-P23.pdf
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spelling my.iium.irep.79662011-11-24T21:06:46Z http://irep.iium.edu.my/7966/ Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia Mohd Sidek, Noor Zahirah Yusoff, Mohammed Qaiser, Munir H Social Sciences (General) HB Economic Theory HC Economic History and Conditions This study presents an attempt to investigate the impact of exchange rate misalignment on capital inflows in Malaysia. Specifically, a precise threshold value is estimated to examine when exchange rate misalignment suppresses capital inflows. To pursue these objectives, this study relies on the endogenous threshold analysis as of Hansen (1996, 2000). Results suggest that misalignment in terms of currency overvaluation, has a negative and significant effect when overvaluation is more than 15 percent. This estimate is consistent and robust despite the changes in the choice of explanatory variables. 2009 Article REM application/pdf en http://irep.iium.edu.my/7966/1/Exchange_rate_misalignment_and_capital_inflows_An_endogenous_threshold_analysis_for_Malaysia.pdf Mohd Sidek, Noor Zahirah and Yusoff, Mohammed and Qaiser, Munir (2009) Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia. Economics Bulletin, 29 (4). pp. 2700-2711. ISSN 1545-2921 http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I4-P23.pdf
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic H Social Sciences (General)
HB Economic Theory
HC Economic History and Conditions
spellingShingle H Social Sciences (General)
HB Economic Theory
HC Economic History and Conditions
Mohd Sidek, Noor Zahirah
Yusoff, Mohammed
Qaiser, Munir
Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia
description This study presents an attempt to investigate the impact of exchange rate misalignment on capital inflows in Malaysia. Specifically, a precise threshold value is estimated to examine when exchange rate misalignment suppresses capital inflows. To pursue these objectives, this study relies on the endogenous threshold analysis as of Hansen (1996, 2000). Results suggest that misalignment in terms of currency overvaluation, has a negative and significant effect when overvaluation is more than 15 percent. This estimate is consistent and robust despite the changes in the choice of explanatory variables.
format Article
author Mohd Sidek, Noor Zahirah
Yusoff, Mohammed
Qaiser, Munir
author_facet Mohd Sidek, Noor Zahirah
Yusoff, Mohammed
Qaiser, Munir
author_sort Mohd Sidek, Noor Zahirah
title Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia
title_short Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia
title_full Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia
title_fullStr Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia
title_full_unstemmed Exchange rate misalignment and capital inflows: An endogenous threshold analysis for Malaysia
title_sort exchange rate misalignment and capital inflows: an endogenous threshold analysis for malaysia
publishDate 2009
url http://irep.iium.edu.my/7966/1/Exchange_rate_misalignment_and_capital_inflows_An_endogenous_threshold_analysis_for_Malaysia.pdf
http://irep.iium.edu.my/7966/
http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I4-P23.pdf
_version_ 1643606040537726976
score 13.211869

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