Lee, Chin; M., Azali; Yusop, Zulkornain; Yusoff, Mohammed - Volkswirtschaftliche Fakultät, … - 2008
This paper seeks to use the flexible-price monetary model in the cointegration and vector error correction model (VECM) contexts to determine whether there was misalignment in the Malaysian ringgit - U.S. dollar before the 1997 currency crisis. Unit roots, cointegration and weak exogeneity are...