The effects of trade openness on Malaysian exchange rate
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 a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Serials Publications
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28254/1/The%20effects%20of%20trade%20openness%20on%20Malaysian%20exchange%20rate.pdf |
| _version_ | 1796971293381230592 |
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| author | Lee, Chin Law, Chee Hong |
| author_facet | Lee, Chin Law, Chee Hong |
| author_sort | Lee, Chin |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T08:10:49Z |
| format | Article |
| id | upm.eprints-28254 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:10:49Z |
| publishDate | 2013 |
| publisher | Serials Publications |
| record_format | dspace |
| spelling | upm.eprints-282542015-10-01T23:39:50Z http://psasir.upm.edu.my/id/eprint/28254/ The effects of trade openness on Malaysian exchange rate Lee, Chin Law, Chee Hong 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. Serials Publications 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28254/1/The%20effects%20of%20trade%20openness%20on%20Malaysian%20exchange%20rate.pdf 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 http://mpra.ub.uni-muenchen.de/45185/ |
| spellingShingle | Lee, Chin Law, Chee Hong The effects of trade openness on Malaysian exchange rate |
| title | The effects of trade openness on Malaysian exchange rate |
| title_full | The effects of trade openness on Malaysian exchange rate |
| title_fullStr | The effects of trade openness on Malaysian exchange rate |
| title_full_unstemmed | The effects of trade openness on Malaysian exchange rate |
| title_short | The effects of trade openness on Malaysian exchange rate |
| title_sort | effects of trade openness on malaysian exchange rate |
| url | http://psasir.upm.edu.my/id/eprint/28254/1/The%20effects%20of%20trade%20openness%20on%20Malaysian%20exchange%20rate.pdf |
| work_keys_str_mv | AT leechin theeffectsoftradeopennessonmalaysianexchangerate AT lawcheehong theeffectsoftradeopennessonmalaysianexchangerate AT leechin effectsoftradeopennessonmalaysianexchangerate AT lawcheehong effectsoftradeopennessonmalaysianexchangerate |