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Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris

The purpose of this study is to determine the most effective tool of Monetary Policy to build up economic growth during recession. The tools are Open Market Operation (OMO), Statutory Reserve Requirement (SRR) and Discount Rate (DR). Malaysians Government Securities Bond (MGS) as a proxy to OMO, 3-m...

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Main Author: Idris, Nur Hafidzah
Format: Student Project
Language:English
Published: 2006
Subjects:
Public policy (General). Policy sciences. Periodicals. Societies. Serials
Public policy (General). Policy sciences
Demography. Population. Vital events
Online Access:https://ir.uitm.edu.my/id/eprint/41131/1/41131.pdf
https://ir.uitm.edu.my/id/eprint/41131/
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spelling my.uitm.ir.411312022-10-03T03:28:04Z https://ir.uitm.edu.my/id/eprint/41131/ Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris Idris, Nur Hafidzah Public policy (General). Policy sciences. Periodicals. Societies. Serials Public policy (General). Policy sciences Demography. Population. Vital events The purpose of this study is to determine the most effective tool of Monetary Policy to build up economic growth during recession. The tools are Open Market Operation (OMO), Statutory Reserve Requirement (SRR) and Discount Rate (DR). Malaysians Government Securities Bond (MGS) as a proxy to OMO, 3-month intervention rate is used for discount rate and Growth Domestic Product (GDP) as a proxy to economic growth. The scope of the study is during recession, period starting from January 1998 to December 2005. The data is collected monthly, apart from that, secondary sources are also used. From the result, only the discount rate has a significant relationship with GDP, while there is no significant relationship between open market operation and statutory reserve requirement to GDP. Thus, discount rate is the most effective tool for economic growth during recession. Since the researcher had identified the most effective tool for Monetary Policy during recession, it is recommend for BNM to use and emphasize these effective tools (discount rate) in our economy during recession. 2006-04 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/41131/1/41131.pdf Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris. (2006) [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Public policy (General). Policy sciences. Periodicals. Societies. Serials
Public policy (General). Policy sciences
Demography. Population. Vital events
spellingShingle Public policy (General). Policy sciences. Periodicals. Societies. Serials
Public policy (General). Policy sciences
Demography. Population. Vital events
Idris, Nur Hafidzah
Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris
description The purpose of this study is to determine the most effective tool of Monetary Policy to build up economic growth during recession. The tools are Open Market Operation (OMO), Statutory Reserve Requirement (SRR) and Discount Rate (DR). Malaysians Government Securities Bond (MGS) as a proxy to OMO, 3-month intervention rate is used for discount rate and Growth Domestic Product (GDP) as a proxy to economic growth. The scope of the study is during recession, period starting from January 1998 to December 2005. The data is collected monthly, apart from that, secondary sources are also used. From the result, only the discount rate has a significant relationship with GDP, while there is no significant relationship between open market operation and statutory reserve requirement to GDP. Thus, discount rate is the most effective tool for economic growth during recession. Since the researcher had identified the most effective tool for Monetary Policy during recession, it is recommend for BNM to use and emphasize these effective tools (discount rate) in our economy during recession.
format Student Project
author Idris, Nur Hafidzah
author_facet Idris, Nur Hafidzah
author_sort Idris, Nur Hafidzah
title Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris
title_short Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris
title_full Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris
title_fullStr Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris
title_full_unstemmed Determining the effectiveness of monetary policy tools towards economic growth; a case study in Malaysia during recession (1998-2005) / Nur Hafidzah Idris
title_sort determining the effectiveness of monetary policy tools towards economic growth; a case study in malaysia during recession (1998-2005) / nur hafidzah idris
publishDate 2006
url https://ir.uitm.edu.my/id/eprint/41131/1/41131.pdf
https://ir.uitm.edu.my/id/eprint/41131/
_version_ 1746213062897041408
score 13.211869

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