Is Money Neutral In Stock Market? The Case of Malaysia

The objective of this study is to examine whether the notion of monetary neutrality hold in Malaysian stock market. Our findings indicate that there is considerable evidence against the long-run neutrality (LRN) of money in Malaysia’s stock market. The important implication is that the stock market...

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Main Authors:	Puah , Chin-Hong, Muzafar Shah, Habibullah, Khim-Sen Liew , Venus
Format:	Article
Language:	English
Published:	Munich Personal RePEc Archive (MPRA) 2009
Subjects:	AC Collections. Series. Collected works
Online Access:	http://ir.unimas.my/3217/ http://ir.unimas.my/3217/ http://ir.unimas.my/3217/1/Is%2BMoney%2BNeutral%2BIn%2BStock%2BMarket%2BThe%2BCase%2Bof%2BMalaysia.pdf

id	unimas-3217
recordtype	eprints
spelling	unimas-32172015-10-09T07:31:48Z http://ir.unimas.my/3217/ Is Money Neutral In Stock Market? The Case of Malaysia Puah , Chin-Hong Muzafar Shah, Habibullah Khim-Sen Liew , Venus AC Collections. Series. Collected works The objective of this study is to examine whether the notion of monetary neutrality hold in Malaysian stock market. Our findings indicate that there is considerable evidence against the long-run neutrality (LRN) of money in Malaysia’s stock market. The important implication is that the stock market is inefficient with respect to money supply. Agents might have the opportunity to gain excess profit from the stock market using the information on changes in the stock of money to predict the movements in stock indices. Munich Personal RePEc Archive (MPRA) 2009 Article NonPeerReviewed text en http://ir.unimas.my/3217/1/Is%2BMoney%2BNeutral%2BIn%2BStock%2BMarket%2BThe%2BCase%2Bof%2BMalaysia.pdf Puah , Chin-Hong and Muzafar Shah, Habibullah and Khim-Sen Liew , Venus (2009) Is Money Neutral In Stock Market? The Case of Malaysia. https://mpra.ub.uni-muenchen.de/24017/
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Sarawak
building	UNIMAS Institutional Repository
collection	Online Access
language	English
topic	AC Collections. Series. Collected works
spellingShingle	AC Collections. Series. Collected works Puah , Chin-Hong Muzafar Shah, Habibullah Khim-Sen Liew , Venus Is Money Neutral In Stock Market? The Case of Malaysia
description	The objective of this study is to examine whether the notion of monetary neutrality hold in Malaysian stock market. Our findings indicate that there is considerable evidence against the long-run neutrality (LRN) of money in Malaysia’s stock market. The important implication is that the stock market is inefficient with respect to money supply. Agents might have the opportunity to gain excess profit from the stock market using the information on changes in the stock of money to predict the movements in stock indices.
format	Article
author	Puah , Chin-Hong Muzafar Shah, Habibullah Khim-Sen Liew , Venus
author_facet	Puah , Chin-Hong Muzafar Shah, Habibullah Khim-Sen Liew , Venus
author_sort	Puah , Chin-Hong
title	Is Money Neutral In Stock Market? The Case of Malaysia
title_short	Is Money Neutral In Stock Market? The Case of Malaysia
title_full	Is Money Neutral In Stock Market? The Case of Malaysia
title_fullStr	Is Money Neutral In Stock Market? The Case of Malaysia
title_full_unstemmed	Is Money Neutral In Stock Market? The Case of Malaysia
title_sort	is money neutral in stock market? the case of malaysia
publisher	Munich Personal RePEc Archive (MPRA)
publishDate	2009
url	http://ir.unimas.my/3217/ http://ir.unimas.my/3217/ http://ir.unimas.my/3217/1/Is%2BMoney%2BNeutral%2BIn%2BStock%2BMarket%2BThe%2BCase%2Bof%2BMalaysia.pdf
first_indexed	2018-09-06T14:56:32Z
last_indexed	2018-09-06T14:56:32Z
_version_	1610870468297883648

Is Money Neutral In Stock Market? The Case of Malaysia

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