Gelagat M3 Di Malaysia: Satu Kajian Empirik
The financial sector in Malaysia has experienced rapid development. Parallel to this development, is the increasing role of broad money, M3. In fact, the Central Bank of Malaysia has recognised the importance of M3 and has emphasized M3for monetary policy purposes. The objective of this study is t...
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| Format: | Article |
| Language: | English English |
| Published: |
1990
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| Online Access: | http://psasir.upm.edu.my/id/eprint/2832/1/Gelagat_M3_Di_Malaysia_Satu_Kajian_Empirik.pdf http://psasir.upm.edu.my/id/eprint/2832/ |
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| Summary: | The financial sector in Malaysia has experienced rapid development. Parallel to this development, is the
increasing role of broad money, M3. In fact, the Central Bank of Malaysia has recognised the importance of
M3 and has emphasized M3for monetary policy purposes. The objective of this study is to determine empirically
the factors affecting the demand for broad money, M3. Our results indicate that money demand for M3 in
Malaysia is determined !Yy income level, short-term interest rate, inflation rate, rate of return on money and
previous level of money holdings. |
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