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- W1489140911 abstract "This paper re-examines the money demand in Malaysia covering the period from 1974 to 2001, a period characterised by various events particularly the financial sector liberalisation, changes in monetary framework and currency crises. Our results support the existence of fairly stable long-run money demand function despite the various changes and developments in the economy. However, there is an evidence of instability in short-run money demand. On this ground, the monetary targeting framework in Malaysia seems to be appropriate at least in the 1990s and monetary aggregate continue to be a useful longer-term indicator in the formulation of monetary policy." @default.
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- W1489140911 date "2005-01-01" @default.
- W1489140911 modified "2023-09-26" @default.
- W1489140911 title "Modelling the Stability of Money Demand in Small Open Economy: The Case of Malaysia" @default.
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