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International reserves, current account imbalance and external debt : evidence from Malaysia.


Citation

Nor, Eliza and Mohamed, Azali and Law, Siong Hook (2008) International reserves, current account imbalance and external debt : evidence from Malaysia. IIUM Journal of Economics and Management, 16 (1). pp. 47-76. ISSN 0128-006

Abstract

The purpose of the study is to analyze both the short-run and long-run demand for international reserves in Malaysia for the period 1970-2004. The autoregressive distributed lag (ARDL) bounds testing approach proposed by Pesaran, Shin, and Smith (2001) is used to test for the existence of cointegration relationship between the demand for international reserves and its determinants. The empirical results suggest that current account balance and short-term external debt significantly affect the demand for international reserves both in the long run and short run.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: International Islamic University Malaysia
Keywords: International reserves; Current account imbalance; Short-term external debt; Malaysia.
Depositing User: Emelda Mohd Hamid
Date Deposited: 06 Mar 2014 03:16
Last Modified: 22 Dec 2015 04:40
URI: http://psasir.upm.edu.my/id/eprint/15273
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