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Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models


Citation

Mohamed, Azali and Matthews, Kent (2001) Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models. Pertanika Journal of Social Sciences & Humanities, 9 (2). pp. 131-141. ISSN 0128-7702; ESSN: 2231-8534

Abstract / Synopsis

This paper attempts to model the effects of financial liberalization and innovations on the demand for broad money in Malaysia. The nonlinear learning function and error-correction mechanism model were utilized. The results of encompassing tests and dynamic (ex post) simulation confirm the error-correction as the parsimonious specification. The augmented error-correction model with nonlinear interacted variables is unable to detect the effects of financial liberalization on Malaysian broad money demand.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Universiti Putra Malaysia Press
Keywords: Broad money demand; Financial liberalization and innovation; Nonlinear learning function; Error-correction model
Depositing User: Nur Izyan Mohd Zaki
Date Deposited: 25 Nov 2009 12:51
Last Modified: 10 Sep 2015 22:12
URI: http://psasir.upm.edu.my/id/eprint/3326
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