Nor, Eliza; Azali, M.; Law, Siong-Hook - In: IIUM Journal of Economics and Management 16 (2008) 1, pp. 47-76
The purpose of the study is to analyze both the short-run and long-run demand for international reserves in Malaysia for the period 1970-2004. The autoregressive distributed lag (ARDL) bounds testing approach proposed by Pesaran, Shin, and Smith (2001) is used to test for the existence of...