Liew, Venus Khim-Sen; Baharumshah, Ahmad Zubaidi; Puah, … - Volkswirtschaftliche Fakultät, … - 2009
This paper examines the long-run relationship between exchange rate and its determinants based on the flexible-price monetary model. Multivariate cointegration approach (Johansan 1988, 1989 and Johansen-Juselius 1990) is adopted to attain our objective of study. The empirical results provide...