The uncertainty of the U.S and Japanese interest rates and its effect on money demand in Malaysia

• Main Author: Dahalan, Jauhari
• Format: Article
• Language: English
• Published: Universiti Utara Malaysia 2004
• Subjects: HG Finance
• Online Access: http://repo.uum.edu.my/109/1/Jauhari_Dahalan.pdf; http://repo.uum.edu.my/109/; http://ijms.uum.edu.my

This paper examines the efect of the volatility of the U.S. and Japanese interest rates on the money demand in Malaysia. The volatility of the U.S. andJapanese interest rates measured as a conditional variance are estimated from the GARCH(1,1) model. The long-term relationship between real money dem...