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Gelagat M3 Di Malaysia: Satu Kajian Empirik


Habibullah, Muzafar Shah (1990) Gelagat M3 Di Malaysia: Satu Kajian Empirik. Pertanika, 13 (3). pp. 419-425.


The financial sector in Malaysia has experienced rapid development. Parallel to this development, is the increasing role of broad money, M3. In fact, the Central Bank of Malaysia has recognised the importance of M3 and has emphasized M3for monetary policy purposes. The objective of this study is to determine empirically the factors affecting the demand for broad money, M3. Our results indicate that money demand for M3 in Malaysia is determined !Yy income level, short-term interest rate, inflation rate, rate of return on money and previous level of money holdings.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Keywords: money demand, M3, stock adjustment.
Depositing User: Nur Izyan Mohd Zaki
Date Deposited: 18 Nov 2009 04:22
Last Modified: 27 May 2013 07:03
URI: http://psasir.upm.edu.my/id/eprint/2832
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