N. Z. M. Sidek, and Mohammed Yusoff, 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
Official URL: http://www.scopus.com/inward/record.url?eid=2-s2.0...
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.
|Uncontrolled Keywords:||Exchange rate, Misalignment, Capital inflows|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||SCHOOL > School of Business and Economics|
|Deposited By:||IR Admin|
|Deposited On:||22 Mar 2011 16:51|
|Last Modified:||23 Feb 2015 14:58|
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