Citation
Lee, Chin and Law, Chee Hong
(2013)
The effects of trade openness on Malaysian exchange rate.
International Economics and Finance Journal , 8 (1).
pp. 25-39.
ISSN 0973-5259
Abstract
This study investigates the impact of trade openness on Mala ysian exchange rate. The findings show that most of the variables are statistically significant and carried the expected signs. As predicted by the theory, the rise of the income level and stock market index in Malaysia will lead to the appreciation of domestic currency. On the other hand, the increase in trade openness and interest rate can lead to depreciation of Malaysian Ringgit. In addition, the results suggested that a rise in money supply differential caused RM to appreciate. However, increase in trade balance caused the depreciation of RM.
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Official URL or Download Paper: http://mpra.ub.uni-muenchen.de/45185/
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Serials Publications |
| Keywords: | Foreign exchange; Stock price; Trade openness |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 27 Apr 2015 03:21 |
| Last Modified: | 01 Oct 2015 23:39 |
| URI: | http://psasir.upm.edu.my/id/eprint/28254 |
| Statistic Details: | View Download Statistic |
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