The estimation of equilibrium exchange rates in Malaysia: evidence using FEER model
The study of exchange rate behavior is important to identify the currency either experiencing an overvaluation or undervaluation. The traditional theory to estimate exchange rates behavior is the Law of One Price (henceforth LOP). This theory suggests that the price levels would be the same between...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
American Scientific Publishers
2017
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Online Access: | http://psasir.upm.edu.my/id/eprint/63451/1/The%20estimation%20of%20equilibrium%20exchange%20rates%20in%20Malaysia.pdf |