Monetary policy, economic activity and the stock market: an empirical analysis of the Kuala Lumpur Stock Exchange
This study attempts to answer the question whether the Kuala Lumpur Stock Exchange (KLSE) is informationally efficient with respect to both money and output. The Information Efficient Market (IEM) hypothesis is tested using the Johansen-Juselius multivariate cointegration approach. Stock prices are...
| Main Authors: | , , |
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| Format: | Article |
| Sprog: | English |
| Udgivet: |
Penerbit Universiti Kebangsaan Malaysia
1998
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| Online adgang: | http://journalarticle.ukm.my/7979/1/1483-2785-1-SM.pdf |