Some Empirical Evidence on the Quantity Theoretic Proposition of Money in ASEAN-5

• Main Authors: Puah, Chin-Hong, Muzafar Shah, Habibullah, Shazali, Abu Mansor
• Format: Working Paper
• Language: English
• Published: Universiti Malaysia Sarawak, (UNIMAS) 2008
• Subjects: HF Commerce; HG Finance
• Online Access: http://ir.unimas.my/id/eprint/3237/1/Some%2BEmpirical%2BEvidence%2Bon%2Bthe%2BQuantity%2BTheoretic%2BProposition%2Bof%2BMoney%2Bin%2BASEAN-5.pdf; http://ir.unimas.my/id/eprint/3237/

This study examines the international evidence on long-run neutrality (LRN) of money based on low frequency data from five emerging ASEAN economies, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand, using a nonstructural reduced-form bivariate ARIMA model proposed by Fisher and...