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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Bibliographic Details
Main Author: Abdul Manap, Turkhan Ali
Format: Article
Language:English
Published: KENMS-IIUM Press 2009
Subjects:
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