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
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 04:51 |
| Last Modified: | 10 Sep 2015 14:12 |
| URI: | http://psasir.upm.edu.my/id/eprint/3326 |
| Statistic Details: | View Download Statistic |
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