Stability of long-run money demand function : evidence from Malaysia
There has been extensive theoretical and empirical research on the subject of money demand. The usefulness of a money demand function in the conduct of monetary policy depends critically on its stability. This paper studies the stability of the M1 and M2 money demand functions for Malaysia. The resu...
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| Format: | Article |
| Language: | English |
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KENMS-IIUM Press
2009
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| Online Access: | http://irep.iium.edu.my/7619/ http://irep.iium.edu.my/7619/ http://irep.iium.edu.my/7619/1/Stability_of_long-run_money_demand_function-_evidence_from_Malaysia.pdf |