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Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?

This paper studies the relationship between palm oil prices, Malaysia Ringgit and Indonesia Rupiah exchange rates using Dynamic OLS method. The paper employs unit root with structural break tests and Pesaran (2001) bound cointegration technique based on real monthly prices ranging 6om January 1983 t...

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Main Authors: Azman Aziz, Mukhriz Izraf, Applanaidu, Shri Dewi
Format: Conference or Workshop Item
Language:English
Published: 2016
Subjects:
HB Economic Theory
Online Access:http://repo.uum.edu.my/25211/1/ECoFI%202016%20260-269_1.PDF
http://repo.uum.edu.my/25211/
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spelling my.uum.repo.252112018-12-11T02:38:46Z http://repo.uum.edu.my/25211/ Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia? Azman Aziz, Mukhriz Izraf Applanaidu, Shri Dewi HB Economic Theory This paper studies the relationship between palm oil prices, Malaysia Ringgit and Indonesia Rupiah exchange rates using Dynamic OLS method. The paper employs unit root with structural break tests and Pesaran (2001) bound cointegration technique based on real monthly prices ranging 6om January 1983 to May 2015. The empirical results find negative and statistically significant evidence on the impact of real palm oil price changes on real exchange rates. The findings imply that increase in real palm oil price leads to real exchange rate appreciation. 2016 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/25211/1/ECoFI%202016%20260-269_1.PDF Azman Aziz, Mukhriz Izraf and Applanaidu, Shri Dewi (2016) Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia? In: 3& Annual ECoFI Symposium 2016 18-19 December 2016, Kedah, Malaysia, 18-19 Dicember 2016, Universiti Utara Malaysia,Kedah.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Azman Aziz, Mukhriz Izraf
Applanaidu, Shri Dewi
Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?
description This paper studies the relationship between palm oil prices, Malaysia Ringgit and Indonesia Rupiah exchange rates using Dynamic OLS method. The paper employs unit root with structural break tests and Pesaran (2001) bound cointegration technique based on real monthly prices ranging 6om January 1983 to May 2015. The empirical results find negative and statistically significant evidence on the impact of real palm oil price changes on real exchange rates. The findings imply that increase in real palm oil price leads to real exchange rate appreciation.
format Conference or Workshop Item
author Azman Aziz, Mukhriz Izraf
Applanaidu, Shri Dewi
author_facet Azman Aziz, Mukhriz Izraf
Applanaidu, Shri Dewi
author_sort Azman Aziz, Mukhriz Izraf
title Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?
title_short Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?
title_full Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?
title_fullStr Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?
title_full_unstemmed Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia?
title_sort exchange rate determinants: is crude palm oil price one of them in malaysia and indonesia?
publishDate 2016
url http://repo.uum.edu.my/25211/1/ECoFI%202016%20260-269_1.PDF
http://repo.uum.edu.my/25211/
_version_ 1644284259351920640
score 13.211869

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