Azali, M. and Habibullah, Muzafar Shah and Jalal, M.Y.
The effect of cost of credit on money demand: empirical evidence from Malaysia.
Analisis, 8 (1&2).
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.
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