Money supply, interest rate, liquidity and share prices: A test of their linkage

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Money supply, interest rate, liquidity and share prices: A test of their linkage

This paper reports new evidence of a liquidity effect on share prices from money supply changes. Money supply impacts on interest rate and liquidity were first proposed in 1969 and there is evidence that money supply increase leads to interest rate decline. Yet the proposition that money supply incr...

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Bibliographic Details
Main Authors:	Mohamed Ariff, Chung, Tin-Fah *, Shamsher M.
Format:	Article
Language:	English
Published:	Elsevier Ltd 2012
Subjects:	HB Economic Theory HJ Public Finance
Online Access:	http://eprints.sunway.edu.my/159/ http://eprints.sunway.edu.my/159/1/Chung%20Tin%20Fah%20-%20Money%20Supply%20interest%20Rate%20Liquidity%20and%20Share%20Prices.pdf

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