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|c 5.00 USD
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|z 9781451858617
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Sriram, Subramanian.
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|a Demand for M2 in an Emerging-Market Economy :
|b An Error-Correction Model for Malaysia /
|c Subramanian Sriram.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1999.
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|a 1 online resource (49 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 models are well-specified and are fairly stable. The long-run income elasticity is close to one with the opportunity cost variables carrying the expected signs. The external events have some influence on the stability.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1999/173
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1999/173/001.1999.issue-173-en.xml
|z IMF e-Library
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