期刊名称：Pertanika Journal of Social Sciences & Humanities
印刷版ISSN：0128-7702
电子版ISSN：2231-8534
出版年度：2001
卷号：9
期号：2
出版社：Universiti Putra Malaysia
摘要：This paper attempts to model the effects of financial liberalization and innovations on the demand for broad money in Malaysia, The nonlinear learning function and error-correction mechanism model were utilized. The results of encompassing tests and dynamic (ex post) simulation confirm the error-correction as the parsimonious specification. The augmented error-correction model with nonlinear interacted variables is unable to detect the effects of financial liberalization on Malaysian broad money demand.
关键词：Broad money demand; financial liberalization and innovation; nonlinear learning function; and error-correction model
