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Velocity and the variability of anticipated and unanticipated money growth in Malaysia


Citation

Mohamed, Azali (1996) Velocity and the variability of anticipated and unanticipated money growth in Malaysia. Applied Economics Letters, 3 (11). pp. 697-700. ISSN 1350-4851; ESSN: 1466-4291

Abstract

This paper investigates the causal linkages between velocity of money and both anticipated and unanticipated components of money supply growth, and its variability as measured on the Malaysian annual data (1973–94). The motivation is to provide evidence in a developing country context about whether the authorities should pay attention to signals from anticipated or unanticipated or both components of money supply aggregate. The empirical findings from the VAR model support the hypothesis not only that the components of money supply growth Granger-cause the growth of money velocity but also in its variability measures offer an additional evidence.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1080/135048596355682
Publisher: Routledge
Keywords: Velocity of money; Money supply growth
Depositing User: Nabilah Mustapa
Date Deposited: 13 Apr 2016 08:06
Last Modified: 13 Apr 2016 08:06
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/135048596355682
URI: http://psasir.upm.edu.my/id/eprint/42476
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