Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models
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-cor...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2001
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3326/1/Broad_Money_Demand_and_Financial_Liberalization_in_Malaysia.pdf |
| _version_ | 1825921637838487552 |
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| author | Mohamed, Azali Matthews, Kent |
| author_facet | Mohamed, Azali Matthews, Kent |
| author_sort | Mohamed, Azali |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T07:00:48Z |
| format | Article |
| id | upm.eprints-3326 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:00:48Z |
| publishDate | 2001 |
| publisher | Universiti Putra Malaysia Press |
| record_format | dspace |
| spelling | upm.eprints-33262015-09-10T14:12:35Z http://psasir.upm.edu.my/id/eprint/3326/ Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models Mohamed, Azali Matthews, Kent 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. Universiti Putra Malaysia Press 2001-09 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/3326/1/Broad_Money_Demand_and_Financial_Liberalization_in_Malaysia.pdf 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 http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-9-2-9 |
| spellingShingle | Mohamed, Azali Matthews, Kent Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models |
| title | Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models |
| title_full | Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models |
| title_fullStr | Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models |
| title_full_unstemmed | Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models |
| title_short | Broad money demand and financial liberalization in Malaysia: an application of the nonlinear learning function and error-correction models |
| title_sort | broad money demand and financial liberalization in malaysia an application of the nonlinear learning function and error correction models |
| url | http://psasir.upm.edu.my/id/eprint/3326/1/Broad_Money_Demand_and_Financial_Liberalization_in_Malaysia.pdf |
| work_keys_str_mv | AT mohamedazali broadmoneydemandandfinancialliberalizationinmalaysiaanapplicationofthenonlinearlearningfunctionanderrorcorrectionmodels AT matthewskent broadmoneydemandandfinancialliberalizationinmalaysiaanapplicationofthenonlinearlearningfunctionanderrorcorrectionmodels |