Azman Aziz, Mukhriz Izraf and Applanaidu, Shri Dewi (2016) Exchange Rate Determinants: Is Crude Palm Oil Price One of Them in Malaysia and Indonesia? In: 3& Annual ECoFI Symposium 2016 18-19 December 2016, Kedah, Malaysia, 18-19 Dicember 2016, Universiti Utara Malaysia,Kedah.

PDF Restricted to Registered users only Download (2MB) | Request a copy

Abstract

This paper studies the relationship between palm oil prices, Malaysia Ringgit and Indonesia Rupiah exchange rates using Dynamic OLS method. The paper employs unit root with structural break tests and Pesaran (2001) bound cointegration technique based on real monthly prices ranging 6om January 1983 to May 2015. The empirical results find negative and statistically significant evidence on the impact of real palm oil price changes on real exchange rates. The findings imply that increase in real palm oil price leads to real exchange rate appreciation.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	eISBN 9789834372026
Uncontrolled Keywords:	Palm oil price, exchange rate
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mr. Che Hasan Hashim
Date Deposited:	11 Dec 2018 02:38
Last Modified:	11 Dec 2018 02:38
URI:	https://repo.uum.edu.my/id/eprint/25211

Actions (login required)

View Item