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/ http://irep.iium.edu.my/7966/ http://irep.iium.edu.my/7966/1/Exchange_rate_misalignment_and_capital_inflows_An_endogenous_threshold_analysis_for_Malaysia.pdf

id	iium-7966
recordtype	eprints
spelling	iium-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 PeerReviewed 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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
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/ http://irep.iium.edu.my/7966/ http://irep.iium.edu.my/7966/1/Exchange_rate_misalignment_and_capital_inflows_An_endogenous_threshold_analysis_for_Malaysia.pdf
first_indexed	2023-09-18T20:17:31Z
last_indexed	2023-09-18T20:17:31Z
_version_	1777407886743306240

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

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