Exchange rate and the demand for money in Malaysia
This paper investigates the long run relationship between exchange rate and money demand in Malaysia. The Johansen:Juselius (1990) likelihood ratio tests support the importance of exchange rate in m2 but not in ml money demand. The Hansen:Johansen (1993) likelihood ratio tests however found some evi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Putra Malaysia Press
2000
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3275/1/Exchange_Rate_and_the_Demand_for_Money_in_Malaysia.pdf |
| _version_ | 1796966512665296896 |
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| author | Mohamed, Azali Baharumshah, Ahmad Zubaidi Habibullah, Muzafar Shah |
| author_facet | Mohamed, Azali Baharumshah, Ahmad Zubaidi Habibullah, Muzafar Shah |
| author_sort | Mohamed, Azali |
| collection | UPM |
| description | This paper investigates the long run relationship between exchange rate and money demand in Malaysia. The Johansen:Juselius (1990) likelihood ratio tests support the importance of exchange rate in m2 but not in ml money demand. The Hansen:Johansen (1993) likelihood ratio tests however found some evidence of instability in the long run parameters and this could be due to the recent financial crisis in this region. Overall analysis has provided support to the empirical investigation of the relation between exchange rate and money demand. |
| first_indexed | 2024-03-06T07:00:39Z |
| format | Article |
| id | upm.eprints-3275 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:00:39Z |
| publishDate | 2000 |
| publisher | Universiti Putra Malaysia Press |
| record_format | dspace |
| spelling | upm.eprints-32752015-09-10T10:25:09Z http://psasir.upm.edu.my/id/eprint/3275/ Exchange rate and the demand for money in Malaysia Mohamed, Azali Baharumshah, Ahmad Zubaidi Habibullah, Muzafar Shah This paper investigates the long run relationship between exchange rate and money demand in Malaysia. The Johansen:Juselius (1990) likelihood ratio tests support the importance of exchange rate in m2 but not in ml money demand. The Hansen:Johansen (1993) likelihood ratio tests however found some evidence of instability in the long run parameters and this could be due to the recent financial crisis in this region. Overall analysis has provided support to the empirical investigation of the relation between exchange rate and money demand. Universiti Putra Malaysia Press 2000-09 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/3275/1/Exchange_Rate_and_the_Demand_for_Money_in_Malaysia.pdf Mohamed, Azali and Baharumshah, Ahmad Zubaidi and Habibullah, Muzafar Shah (2000) Exchange rate and the demand for money in Malaysia. Pertanika Journal of Social Sciences & Humanities, 8 (2). pp. 71-75. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-8-2-9 |
| spellingShingle | Mohamed, Azali Baharumshah, Ahmad Zubaidi Habibullah, Muzafar Shah Exchange rate and the demand for money in Malaysia |
| title | Exchange rate and the demand for money in Malaysia |
| title_full | Exchange rate and the demand for money in Malaysia |
| title_fullStr | Exchange rate and the demand for money in Malaysia |
| title_full_unstemmed | Exchange rate and the demand for money in Malaysia |
| title_short | Exchange rate and the demand for money in Malaysia |
| title_sort | exchange rate and the demand for money in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/3275/1/Exchange_Rate_and_the_Demand_for_Money_in_Malaysia.pdf |
| work_keys_str_mv | AT mohamedazali exchangerateandthedemandformoneyinmalaysia AT baharumshahahmadzubaidi exchangerateandthedemandformoneyinmalaysia AT habibullahmuzafarshah exchangerateandthedemandformoneyinmalaysia |