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The effect of cost of credit on money demand: empirical evidence from Malaysia


Azali, M. and Habibullah, Muzafar Shah and Jalal, M.Y. (2001) The effect of cost of credit on money demand: empirical evidence from Malaysia. Analisis, 8 (1&2). pp. 25-35. ISSN 0127-8983

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Abstract

This paper investigates the dynamic of long-run relationship between cost of credit and real money balances in Malaysia. The Johansen-Juselius (1990) likelihood ratio tests support the importance of the cost of credit in the real broad money demand function. The sample period spans from 1978:q1 through 1997:q4. The results provide empirical evidence for the long-run relationship between cost of credit and broad money balances in Malaysia.

Item Type: Article
Uncontrolled Keywords: Johansen-Juselius (1990) likelihood ratio test, demand for money, cost of credit, developing country
Subjects: H Social Sciences > HG Finance
Divisions: UNSPECIFIED
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 28 Sep 2010 10:14
Last Modified: 28 Sep 2010 10:14
URI: http://repo.uum.edu.my/id/eprint/446

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