This paper investigates the relative importance of internal and external shocks for
macroeconomic performance (both real and nominal sectors) of a small open economy …

We show that there is a distinct commodity-related driver of exchange rate movements, even
at fairly high frequencies. Commodity prices predict exchange rate movements of eleven …

We use cointegration analysis to show that the long‐run behaviour of the Brazilian Real
effective exchange rate between January 1999 and September 2012 can largely be …

This study investigates the impact of trade openness on Malaysian exchange rate. The
findings show that most of the variables are statistically significant and carried the expected …

Generally, an increased in productivity is a key to a healthy and flourishing the economy.
Consequently, the trend in productivity, economy wide, is one of the most closely watched of …

This paper attempts to measure degree of misalignment of the Saudi Riyal by estimating the
long run equilibrium real exchange rate of the currency. Based on cointegration technique …

Currency overvaluation seems tobe the prominentexplanation for the 1997–98 Asian
financialcrisis. Although this is the case, the reinstatement to managed float exchange …

Does Exchange Rate Risk Matter for Exports? A Case of Malaysia Page 1 This paper attempts
to estimate the impact of exchange rate risks on exports using Pesaran et al. (2001) bounds …

The real exchange rate (RER), theoretically defined as the relative price of tradable goods to
non-tradable goods, plays an important role in economic performance and structural …

This paper attempts to estimate the impact of exchange rate risks on exports using Pesaran
et al.(2001) bounds testing procedure to establish cointegration. The long run coefficients …