Demand for M2 in an Emerging-Market Economy : An Error-Correction Model for Malaysia

An Error-Correction Model for Malaysia

Demand for M2 in an Emerging-Market Economy : An Error-Correction Model for Malaysia
This paper analyses demand for M2 in Malaysia from August 1973 to December 1995 under both the closed- and open-economy framework. Based on the cointegration and weak-exogeneity test results, short-run dynamic error-correction models are specified and estimated. The results indicate that the demand is for real M2. Both the long- and short-run... READ MORE...

Publication date: December 1999
ISBN 9781451858617
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