An empirical investigation of ringgit Malaysia

This study investigates factors that influence the Malaysian exchange rate using quarterly data from 1996Q1 to 2015Q2. The Johansen-Juselius cointegration test is used to assess the long run equilibrium relationship between the Malaysian exchange rate, government consumption, trade openness and n...

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Main Author:	Low, Shu Fang
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/5559/1/s818166_01.pdf https://etd.uum.edu.my/5559/2/s818166_02.pdf
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id	my-uum-etd.5559
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Nordin, Sabariah
topic	HG Finance
spellingShingle	HG Finance Low, Shu Fang An empirical investigation of ringgit Malaysia
description	This study investigates factors that influence the Malaysian exchange rate using quarterly data from 1996Q1 to 2015Q2. The Johansen-Juselius cointegration test is used to assess the long run equilibrium relationship between the Malaysian exchange rate, government consumption, trade openness and net foreign assets. The long run VECM results indicate that the government consumption, the trade openness and the net foreign assets are the factors that significantly influence the Malaysian exchange rate. The government consumption and the trade openness have negative relationships with the Malaysian exchange rate, while the net foreign assets is found to have a positive influence on the Malaysian exchange rate. This study provides insights for the policy maker to justify the factors that influence the exchange rate and use the factors as a channel to influence the Malaysian exchange rate. Results of this study enhance existing limited knowledge of the exchange rate study using the BEER model in determining factors that influence the Malaysian exchange rate, and the period of study covers a number of situation where the Malaysian exchange rate had a significant drop in value.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Low, Shu Fang
author_facet	Low, Shu Fang
author_sort	Low, Shu Fang
title	An empirical investigation of ringgit Malaysia
title_short	An empirical investigation of ringgit Malaysia
title_full	An empirical investigation of ringgit Malaysia
title_fullStr	An empirical investigation of ringgit Malaysia
title_full_unstemmed	An empirical investigation of ringgit Malaysia
title_sort	empirical investigation of ringgit malaysia
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2015
url	https://etd.uum.edu.my/5559/1/s818166_01.pdf https://etd.uum.edu.my/5559/2/s818166_02.pdf
_version_	1747827949489356800
spelling	my-uum-etd.55592021-03-18T08:33:51Z An empirical investigation of ringgit Malaysia 2015 Low, Shu Fang Nordin, Sabariah School of Economics, Finance & Banking School of Economics Finance and Banking HG Finance This study investigates factors that influence the Malaysian exchange rate using quarterly data from 1996Q1 to 2015Q2. The Johansen-Juselius cointegration test is used to assess the long run equilibrium relationship between the Malaysian exchange rate, government consumption, trade openness and net foreign assets. The long run VECM results indicate that the government consumption, the trade openness and the net foreign assets are the factors that significantly influence the Malaysian exchange rate. The government consumption and the trade openness have negative relationships with the Malaysian exchange rate, while the net foreign assets is found to have a positive influence on the Malaysian exchange rate. This study provides insights for the policy maker to justify the factors that influence the exchange rate and use the factors as a channel to influence the Malaysian exchange rate. Results of this study enhance existing limited knowledge of the exchange rate study using the BEER model in determining factors that influence the Malaysian exchange rate, and the period of study covers a number of situation where the Malaysian exchange rate had a significant drop in value. 2015 Thesis https://etd.uum.edu.my/5559/ https://etd.uum.edu.my/5559/1/s818166_01.pdf text eng public https://etd.uum.edu.my/5559/2/s818166_02.pdf text eng public masters masters Universiti Utara Malaysia AbuDalu, A., & Ahmed, E. M. (2014). The determinants of ASEAN-5 real effective exchange rate vis-á-vis the UK pound. World Journal of Entrepreneurship, Management and Sustainable Development, 10(2), 98–118. doi:10.1108/WJEMSD-07-2013-0038 Aguirre, A., & Calderon, C. (2008). 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An empirical investigation of ringgit Malaysia

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