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
![[img]](http://psasir.upm.edu.my/style/images/fileicons/application_pdf.png) |
PDF
2606Kb |
Abstract
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.
| Item Type: | Article |
|---|---|
| Keyword: | Broad money demand, financial liberalization and innovation, nonlinear learning function, and error-correction model |
| Publisher: | Universiti Putra Malaysia Press |
| ID Code: | 3326 |
| Deposited By: | Nur Izyan Mohd Zaki |
| Deposited On: | 25 Nov 2009 04:51 |
| Last Modified: | 27 May 2013 07:07 |
Repository Staff Only: item control page
Document Download Statistics
This item has been downloaded for since 25 Nov 2009 04:51.
