Money supply, interest rate, liquidity and share prices: A test of their linkage
This paper reports new evidence of a liquidity effect on share prices from money supply changes. Money supply impacts on interest rate and liquidity were first proposed in 1969 and there is evidence that money supply increase leads to interest rate decline. Yet the proposition that money supply incr...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier Ltd
2012
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| Subjects: | |
| Online Access: | http://eprints.sunway.edu.my/159/1/Chung%20Tin%20Fah%20-%20Money%20Supply%20interest%20Rate%20Liquidity%20and%20Share%20Prices.pdf http://eprints.sunway.edu.my/159/ http://www.sciencedirect.com/science/article/pii/S1044028312000361 |
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