Relationship between overnight policy rate, overnight interbank rate, overnight islamic interbank rate.error correction models and granger causality study / Abdul Razak Jambari, Suhana Mohamed and Mohd Azim Sardan

• Main Authors: Jambari, Abdul Razak, Mohamed, Suhana, Sardan, Mohd Azim
• Format: Research Reports
• Language: English
• Published: 2012
• Subjects: Banking; Interest rates; General works. Financial institutions
• Online Access: http://ir.uitm.edu.my/id/eprint/35071/1/35071.PDF; http://ir.uitm.edu.my/id/eprint/35071/

In managing monetary policy Bank Negara Malaysia (BNM) has to use the Overnight Policy Rate (OPR), which was introduced in 2004. Changes in the OPR rate will cause a chain of events that affect other interest rates available in the market such as short term interest rate, long term interest rate,...