Series: IMF Working Papers
Author(s): Selim Elekdag , Subir Lall , and Harun Alp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: financial accelerator, Bayesian estimation, DSGE model, exchange rate, exchange rate regime, exchange rate flexibility, fixed exchange rate regime, Bayesian Analysis, And The Supply Of Money And Credit,
Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange rate depreciate...