Exchange Rate and the Demand for Money in Malaysia

Mohamed, Azali and Baharumshah, Ahmad Zubaidi and Habibullah, Muzafar Shah (2000) Exchange Rate and the Demand for Money in Malaysia. Pertanika Journal of Social Sciences & Humanities, 8 (2). pp. 71-75. ISSN 0128-7702

[img] PDF


This paper investigates the long run relationship between exchange rate and money demand in Malaysia. The Johansen:Juselius (1990) likelihood ratio tests support the importance of exchange rate in m2 but not in ml money demand. The Hansen:Johansen (1993) likelihood ratio tests however found some evidence of instability in the long run parameters and this could be due to the recent financial crisis in this region. Overall analysis has provided support to the empirical investigation of the relation between exchange rate and money demand.

Item Type:Article
Keyword:Exchange rate, money demand, co-integration tests
Faculty or Institute:Faculty of Economics and Management
Publisher:Universiti Putra Malaysia Press
ID Code:3275
Deposited By: Nur Izyan Mohd Zaki
Deposited On:25 Nov 2009 02:18
Last Modified:27 May 2013 07:06

Repository Staff Only: Edit item detail

Document Download Statistics

This item has been downloaded for since 25 Nov 2009 02:18.

View statistics for "Exchange Rate and the Demand for Money in Malaysia"

Universiti Putra Malaysia Institutional Repository

Universiti Putra Malaysia Institutional Repository is an on-line digital archive that serves as a central collection and storage of scientific information and research at the Universiti Putra Malaysia.

Currently, the collections deposited in the IR consists of Master and PhD theses, Master and PhD Project Report, Journal Articles, Journal Bulletins, Conference Papers, UPM News, Newspaper Cuttings, Patents and Inaugural Lectures.

As the policy of the university does not permit users to view thesis in full text, access is only given to the first 24 pages only.