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The relationship between monetary base and monetary aaggregates in asean - 5

he purpose of this study is attempted to inve stigate the existence of causal relationship between monetary base and monetary aggregates (M1 and M2) for ASEAN - 5 using the time series data from 1990:Q1 to 2005:Q4. This study is conducted by employing thre...

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Main Author: Ng,, Chai Chet.
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, UNIMAS 2007
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/6467/4/Ng%20Chai%20Chet%20ft.pdf
http://ir.unimas.my/id/eprint/6467/
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spelling my.unimas.ir.64672024-01-18T06:30:35Z http://ir.unimas.my/id/eprint/6467/ The relationship between monetary base and monetary aaggregates in asean - 5 Ng,, Chai Chet. HG Finance he purpose of this study is attempted to inve stigate the existence of causal relationship between monetary base and monetary aggregates (M1 and M2) for ASEAN - 5 using the time series data from 1990:Q1 to 2005:Q4. This study is conducted by employing three methods, which are Augmented Dickey - Fuller (19 79) unit root test, Johansen - Juselius (1990) cointegration test and Granger causality test. Only Singapore and Thailand show a significant long - run cointegrating vector between monetary base and monetary variables, which are M1 and M2 respectively. The res t of the ASEAN - 5 countries fail to show a long - run relationship between the variables. The causality test results show that in general there is not uni - directional with causality running from monetary base to monetary aggregates in ASEAN - 5. Thus, monetary targeting is inappropriate used as a monetary policy in ASEAN - 5. In particular, policy should be designed to improve and strengthen the monetary and financial market in order to get better controlling in money supply process. Each ASEAN - 5 country has to en sure the selected intermediate target must be measurable, controllable and predictable. Universiti Malaysia Sarawak, UNIMAS 2007 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/6467/4/Ng%20Chai%20Chet%20ft.pdf Ng,, Chai Chet. (2007) The relationship between monetary base and monetary aaggregates in asean - 5. [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
Ng,, Chai Chet.
The relationship between monetary base and monetary aaggregates in asean - 5
description he purpose of this study is attempted to inve stigate the existence of causal relationship between monetary base and monetary aggregates (M1 and M2) for ASEAN - 5 using the time series data from 1990:Q1 to 2005:Q4. This study is conducted by employing three methods, which are Augmented Dickey - Fuller (19 79) unit root test, Johansen - Juselius (1990) cointegration test and Granger causality test. Only Singapore and Thailand show a significant long - run cointegrating vector between monetary base and monetary variables, which are M1 and M2 respectively. The res t of the ASEAN - 5 countries fail to show a long - run relationship between the variables. The causality test results show that in general there is not uni - directional with causality running from monetary base to monetary aggregates in ASEAN - 5. Thus, monetary targeting is inappropriate used as a monetary policy in ASEAN - 5. In particular, policy should be designed to improve and strengthen the monetary and financial market in order to get better controlling in money supply process. Each ASEAN - 5 country has to en sure the selected intermediate target must be measurable, controllable and predictable.
format Final Year Project Report
author Ng,, Chai Chet.
author_facet Ng,, Chai Chet.
author_sort Ng,, Chai Chet.
title The relationship between monetary base and monetary aaggregates in asean - 5
title_short The relationship between monetary base and monetary aaggregates in asean - 5
title_full The relationship between monetary base and monetary aaggregates in asean - 5
title_fullStr The relationship between monetary base and monetary aaggregates in asean - 5
title_full_unstemmed The relationship between monetary base and monetary aaggregates in asean - 5
title_sort relationship between monetary base and monetary aaggregates in asean - 5
publisher Universiti Malaysia Sarawak, UNIMAS
publishDate 2007
url http://ir.unimas.my/id/eprint/6467/4/Ng%20Chai%20Chet%20ft.pdf
http://ir.unimas.my/id/eprint/6467/
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score 13.211869

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