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INTERNATIONAL RESERVES, CURRENT ACCOUNT IMBALANCE AND EXTERNAL DEBT: EVIDENCE FROM MALAYSIA

International Journal of Economics, Management and Accounting

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Title INTERNATIONAL RESERVES, CURRENT ACCOUNT IMBALANCE AND EXTERNAL DEBT: EVIDENCE FROM MALAYSIA
 
Creator Nor, Eliza; School of Management, University Science Malaysia, 11800, Minden, Penang, Malaysia
Azali, M
Law, Siong-Hook; Department of Economics, Faculty of Economics and Management, Universiti Putra Malaysia, 43400, Serdang, Malaysia.
 
Description The purpose of the study is to analyze both the short-run and long-run demand for international reserves in Malaysia for the period 1970-2004. The autoregressive distributed lag (ARDL) bounds testing approach proposed by Pesaran, Shin, and Smith (2001) is used to test for the existence of cointegration relationship between the demand for international reserves and its determinants. The empirical results suggest that current account balance and short-term external debt significantly affect the demand for international reserves both in the long run and short run.JEL classification: E58, F39Key words: International reserves, Current account imbalance, Short-term external debt, Malaysia.
 
Publisher Kulliyyah of Economics and Management Sciences
 
Contributor —
 
Date 2013-03-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/142
 
Source International Journal of Economics, Management and Accounting; Vol 16, No 1 (2008)
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/142/114