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Parity and non-parity determinants of Malaysia ringgit: evidence from major trading partners


Citation

Ab Razak, Nazrul Hisyam and Chee, Chong Meng and Nawawi, Noraliah (2019) Parity and non-parity determinants of Malaysia ringgit: evidence from major trading partners. Review of Integrative Business and Economics Research, 8 (suppl.1). pp. 1-14. ISSN 2414-6722; ESSN: 2304-1013

Abstract / Synopsis

The heavy slump of MYR arouses research interest in studying potential non-parity factors that affects MYR. Due to the limited empirical evidence stressed on non-parity factors, the objective of study aims to examine the effect of non-parity factors and parity factors on MYR for enriching existing literature by adding new empirical evidence. Inconsistent with the literature, the positive effects of current account balance and trade openness on MYR are found across most major trade currency pairs. It is contended that the finding may be subject to country-specific-factors requires future research endeavour.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Putra Business School
Publisher: GMP Press and Printing
Keywords: Exchange behaviour; Purchasing power parity; Currency; Malaysia ringgit
Depositing User: Nabilah Mustapa
Date Deposited: 09 May 2019 09:07
Last Modified: 09 May 2019 09:07
URI: http://psasir.upm.edu.my/id/eprint/15054
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