Question
Hi, Please help me with my studies. Thank you. 1) Identify Malaysia's top five foreign trade partners by their shares in the total trade volume
Hi, Please help me with my studies. Thank you.
1) Identify Malaysia's top five foreign trade partners by their shares in the total trade volume of Malaysia.
(a) Obtain monthly data on consumer price indices (CPI) and inflation rates of those five countries and Malaysia for the last 15 years.
(b) Obtain monthly data on nominal exchange rates between Malaysian ringgit and those five countries currencies for the last 15 years.
Required:
(i) Calculate real effective exchange rates (REER) for the ringgit for the state period.
(ii) Briefly discuss the implications of levels and changes in the REER for the Malaysian economy.
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