Switching in Exchange Rate Regime: Impacts and Exposure to Sectors in Malaysia
نویسندگان
چکیده
The purpose of this study is to analyze the exposure specific exchange rate sectors due changes in regimes. To evaluate and consequence policy change, two models were used. data was from Malaysian listed firms' stock returns foreign rates. secondary 128 firms chosen using Bloomberg database Bursa Malaysia. firm’s price rates collected January 1990 July 2010. 20 years specifically obtain regime cycle before, during, after pegging. monthly excess computed collected. As a result, notion that no exposed USD during pegged period longer valid. finance sector showed significant against USD. This probably movement MYR may also have been influenced by cross-exchange with other currencies.
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ژورنال
عنوان ژورنال: International journal of academic research in accounting, finance and management sciences
سال: 2023
ISSN: ['2308-0337', '2225-8329']
DOI: https://doi.org/10.6007/ijarafms/v13-i2/17003