This paper seeks to contribute to the literature on capital flight determinants by employing a new approach to the estimation of capital flight equations over four different measures of capital flight for Malaysian time-series data during the period 1970-96. It improves upon earlier work in the...

This paper seeks to use the flexible-price monetary model in the cointegration and vector error correction model (VECM) contexts to determine whether there was misalignment in the Malaysian ringgit - U.S. dollar before the 1997 currency crisis. Unit roots, cointegration and weak exogeneity are...