Hooy, Chee Wooi; Chan, Tze-Haw - Volkswirtschaftliche Fakultät, … - 2008
The exposure to exchange rates remains an unresolved issue in international trade literature. The issue is particularly … equation which is a function of local income, foreign income, and the bilateral real exchange rates of yuan/ringgit. Our …), we documented GARCH effect in the trade model. Taking that into consideration, our result shows that real exchange rates …