Is monetary variable a determinant in the Ringgit-Dollar exchange rates model?: a cointegration approach
The main aim of this paper was to validate the relative price monetary model (RPMM) of exchange rate determination for the Malaysian exchange rate (RM/USD) using monthly data set from 1986-2010. The Johansen multivariate cointegration test and vector error correction model were employed. Because the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universiti Kebangsaan Malaysia
2012
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| Online Access: | http://journalarticle.ukm.my/5480/ http://journalarticle.ukm.my/5480/ http://journalarticle.ukm.my/5480/1/16%2520Abu%2520Hassan.pdf |