Citation

Ong, Hway Boon (2018) Banking on foreign currency accounts: evidence from Malaysia. International Journal of Bank Marketing, 36 (7). pp. 1235-1247. ISSN 0265-2323

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Abstract

The purpose of this paper is to study how the foreign currency account (FCA) is affected by the domestic fixed deposit (FD) rate, the FCA rate, the expected exchange rate and exchange rate risk. This paper analyses the causal relationship between the domestic FD rate, the FCA rate, the expected exchange rate on a set of foreign currency deposits and exchange rate volatility, based on the theory of portfolio choice. Based on the theory, the panel vector autoregressive regression of fully modified ordinary least squares and dynamic ordinary least squares are modelled.

Item Type:	Article
Uncontrolled Keywords:	Banks and banking-Foreign, Malaysia, Banks, Commercial banks, Financial innovations
Subjects:	H Social Sciences > HG Finance > HG3810-4000 Foreign exchange. International finance. International monetary system
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	11 Nov 2020 14:23
Last Modified:	11 Nov 2020 14:23
URII:	http://shdl.mmu.edu.my/id/eprint/7344

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