| Autor: |
Lin Yao, Wee-Yeap Lau, Tien-Ming Yip |
| Jazyk: |
angličtina |
| Rok vydání: |
2019 |
| Předmět: |
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| Zdroj: |
Contemporary Chinese Political Economy and Strategic Relations: An International Journal, Vol 5, Iss 3, Pp 1173-1210 (2019) |
| Druh dokumentu: |
article |
| ISSN: |
2410-9681 |
| Popis: |
This study investigates the impact of changes in the Yuan-Dollar exchange rate (CNYUSD) on Malaysia’s macroeconomic variables during China’s pre- and post-exchange rate reform periods. Using data from 1988 Q1 to 2017 Q2, our results show: firstly, changes in CNYUSD influence Malaysia’s macroeconomic indicators in the post-exchange rate reform period, and an appreciation in CNYUSD leads to an expansion in real GDP and price level; secondly, positive impact on real GDP and price level lasts for one-year horizon; lastly, the variance decomposition yields consistent results with the impulse response function. As a policy suggestion, the Malaysian government should improve the competitiveness of the export sector in order to reap the benefit of Chinese Yuan appreciation through the aggregate demand channel. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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