ASEAN-5 Exchange Rate Determination In The Presence Of Nonlinearity

• Main Authors: Venus Liew, Khim Sen, Ahmad Zubaidi, Baharumshah, Muzafar Shah, Habibullah, Habshah, Midi
• Format: Article
• Language: English
• Published: Serials Publications 2011
• Subjects: HB Economic Theory
• Online Access: http://ir.unimas.my/id/eprint/18606/7/ASEAN-5%20EXCHANGE%20RATE%20DETERMINATION%20%28abstract%29.pdf; http://ir.unimas.my/id/eprint/18606/; https://serialsjournals.com/index.php?route=product/product&path=51&product_id=438
• Institution: Universiti Malaysia Sarawak

This study finds that nominal exchange rate exhibits nonlinear long-run relationship with money supplies and aggregate outputs, in the context of ASEAN-5 countries, thereby validating the monetary model of exchange rate. While it is consistent with the earlier findings using the linear testing proce...