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Monetary Model of Ringgit Exchange

This study re-examines the dynamic linkages between exchange rate and its monetary fundamentals namely, money, income and interest rate in a small emerging state of Malaysia. It investigates the short-run dynamics and long run relationships between ringgit exchange and its fundamental monetary varia...

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Main Authors: H. Abas, Khairizah, Yusof, Z., Samsi, Siti Muliana
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
HB Economic Theory
HG Finance
Online Access:http://eprints.um.edu.my/3121/1/Monetary_Model_of_Ringgit_Exchange.pdf
http://eprints.um.edu.my/3121/
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spelling my.um.eprints.31212014-12-11T09:14:26Z http://eprints.um.edu.my/3121/ Monetary Model of Ringgit Exchange H. Abas, Khairizah Yusof, Z. Samsi, Siti Muliana HB Economic Theory HG Finance This study re-examines the dynamic linkages between exchange rate and its monetary fundamentals namely, money, income and interest rate in a small emerging state of Malaysia. It investigates the short-run dynamics and long run relationships between ringgit exchange and its fundamental monetary variables. Based on the flexible price monetary framework, the model was tested via Johansen cointegration technique and vector error correction model using data set from 1980:Q1 to 2008:Q3. The findings suggest a strong evidence of long run relationship between exchange rate and the monetary fundamentals in Malaysia. Interestingly, further examination demonstrates that ringgit adjusts gradually to changes in money, income and interest rate, generally implying less volatile ringgit. 2010-02-26 Conference or Workshop Item NonPeerReviewed application/pdf en http://eprints.um.edu.my/3121/1/Monetary_Model_of_Ringgit_Exchange.pdf H. Abas, Khairizah and Yusof, Z. and Samsi, Siti Muliana (2010) Monetary Model of Ringgit Exchange. In: Proceedings of 2010 International Conference on Business, Economics and Tourism Management (CBETM 2010) , 26-28 February, 2010, Singapore.
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
language English
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
H. Abas, Khairizah
Yusof, Z.
Samsi, Siti Muliana
Monetary Model of Ringgit Exchange
description This study re-examines the dynamic linkages between exchange rate and its monetary fundamentals namely, money, income and interest rate in a small emerging state of Malaysia. It investigates the short-run dynamics and long run relationships between ringgit exchange and its fundamental monetary variables. Based on the flexible price monetary framework, the model was tested via Johansen cointegration technique and vector error correction model using data set from 1980:Q1 to 2008:Q3. The findings suggest a strong evidence of long run relationship between exchange rate and the monetary fundamentals in Malaysia. Interestingly, further examination demonstrates that ringgit adjusts gradually to changes in money, income and interest rate, generally implying less volatile ringgit.
format Conference or Workshop Item
author H. Abas, Khairizah
Yusof, Z.
Samsi, Siti Muliana
author_facet H. Abas, Khairizah
Yusof, Z.
Samsi, Siti Muliana
author_sort H. Abas, Khairizah
title Monetary Model of Ringgit Exchange
title_short Monetary Model of Ringgit Exchange
title_full Monetary Model of Ringgit Exchange
title_fullStr Monetary Model of Ringgit Exchange
title_full_unstemmed Monetary Model of Ringgit Exchange
title_sort monetary model of ringgit exchange
publishDate 2010
url http://eprints.um.edu.my/3121/1/Monetary_Model_of_Ringgit_Exchange.pdf
http://eprints.um.edu.my/3121/
_version_ 1643687048075280384
score 13.211869

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