Wong Hock Tse (2008) Bilateral Trade Balance of Malaysia to the United States, Japan and Singapore: Empirical Evidence from the Monetary Approach. Borneo Review, 16 (2). pp. 1-4.
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Abstract
This study examines the long-run and short-run impact of real exchange rate onbilateral trade balance of Malaysia to the United States (US), Japan and Singaporeusing an augmented model of Rose and Yellen (1989). In the long run, depreciationor devaluation of real exchange rate will generally improve bilateral trade balance.However, the impact of real exchange rate on bilateral trade balance is differentacross countries in the short run. Moreover, changes in money supply could have animpact on real exchange rate and therefore, bilateral trade balance. Thus, monetarypolicy could be an effective policy on trade with other countries.
| Item Type: | Article |
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| Keyword: | bilateral trade balance real exchange rate income real money supply real oil price cointegration generalized forecast error variance decomposition |
| Subjects: | H Social Sciences > HF Commerce |
| Department: | FACULTY > Faculty of Business, Economics and Accounting |
| Depositing User: | OTHMAN HJ RAWI - |
| Date Deposited: | 21 Mar 2019 18:21 |
| Last Modified: | 21 Mar 2019 18:21 |
| URI: | https://eprints.ums.edu.my/id/eprint/21673 |
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