Publication:
Tests of the different variants of the monetary model in a developing economy: Malaysian experience in the pre- and post-crisis periods
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Lee Chin | |
| dc.contributor.author | Azali Mohamed | |
| dc.contributor.author | Abul Mansur Mohammed Masih | |
| dc.date.accessioned | 2016-06-06 | |
| dc.date.accessioned | 2016-07-25T20:14:04Z | |
| dc.date.available | 2016-06-06 | |
| dc.date.available | 2016-07-25T20:14:04Z | |
| dc.date.disclosure | 2016-06-10 | |
| dc.date.issued | 2009 | |
| dc.description.abstract | This study examines the validity of four different variants of the monetary model of exchange rate determination for Malaysia covering both the preand post-crisis periods using the vector error-correction models. The findings demonstrate that for both periods, the variables used are cointegrated. Tests tend to suggest that of the four variants of monetary model, the sticky-price model holds in both periods and the flexible-price model holds only in the post-crisis period. The proportionality between the exchange rate and relative money does not hold in any period. The plotted actual and fitted exchange rates for both sub-samples show that the models are able to track the actual exchange rate trend quiet well. | |
| dc.identifier.citation | Lee, C., Mohamed, A., & Mohammed Masih, A M. (2009). Tests of the different variants of the monetary model in a developing economy: Malaysian experience in the pre- and post-crisis periods. Applied Economics, 41(15), pp. 1893-1902. https://doi.org/10.1080/00036840601131797 | |
| dc.identifier.doi | https://doi.org/10.1080/00036840601131797 | |
| dc.identifier.issn | 0012-981X | |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/1505 | |
| dc.language | English | |
| dc.language.iso | eng | |
| dc.publisher | Routledge | |
| dc.rights | 2009. Routledge | |
| dc.source | CRP | |
| dc.subject | Economics | |
| dc.subject | Monetary model | |
| dc.title | Tests of the different variants of the monetary model in a developing economy: Malaysian experience in the pre- and post-crisis periods | |
| dc.type | Journal Article | |
| dlc.maintopic | Conventional finance | |
| dlc.subtopic | Economics | |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Conventional finance | |
| ikr.topic.subtopic | Conventional finance | |
| Appears in Collections |