Is money neutral in stock market? The case of Malaysia
The objective of this study is to examine whether the notion of monetary neutrality holds in Malaysian stock market.Our findings indicate that there is considerable evidence against the long-run neutrality (LRN) of money in Malaysian stock market. The important implication is that the stock market i...
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| Format: | Article |
| Language: | English |
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Economics Bulletin
2010
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| Online Access: | http://ir.unimas.my/id/eprint/1652/ http://ir.unimas.my/id/eprint/1652/1/Is%2Bmoney%2Bneutral%2Bin%2Bstock%2Bmarket%2BThe%2Bcase%2Bof%2BMalaysia%20%281%29.pdf |
| _version_ | 1848834805307801600 |
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| author | Puah, Chin-Hong Muzafar Shah, Habibullah Liew, Venus Khim-Sen |
| author_facet | Puah, Chin-Hong Muzafar Shah, Habibullah Liew, Venus Khim-Sen |
| author_sort | Puah, Chin-Hong |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | The objective of this study is to examine whether the notion of monetary neutrality holds in Malaysian stock market.Our findings indicate that there is considerable evidence against the long-run neutrality (LRN) of money in Malaysian 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 indexes. |
| first_indexed | 2025-11-15T05:57:49Z |
| format | Article |
| id | unimas-1652 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T05:57:49Z |
| publishDate | 2010 |
| publisher | Economics Bulletin |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-16522016-04-14T07:01:59Z http://ir.unimas.my/id/eprint/1652/ Is money neutral in stock market? The case of Malaysia Puah, Chin-Hong Muzafar Shah, Habibullah Liew, Venus Khim-Sen AC Collections. Series. Collected works HB Economic Theory The objective of this study is to examine whether the notion of monetary neutrality holds in Malaysian stock market.Our findings indicate that there is considerable evidence against the long-run neutrality (LRN) of money in Malaysian 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 indexes. Economics Bulletin 2010 Article NonPeerReviewed text en http://ir.unimas.my/id/eprint/1652/1/Is%2Bmoney%2Bneutral%2Bin%2Bstock%2Bmarket%2BThe%2Bcase%2Bof%2BMalaysia%20%281%29.pdf Puah, Chin-Hong and Muzafar Shah, Habibullah and Liew, Venus Khim-Sen (2010) Is money neutral in stock market? The case of Malaysia. Economics Bulletin, Vol. 30 no.3, 30 (3). |
| spellingShingle | AC Collections. Series. Collected works HB Economic Theory Puah, Chin-Hong Muzafar Shah, Habibullah Liew, Venus Khim-Sen Is money neutral in stock market? The case of Malaysia |
| title | 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_short | Is money neutral in stock market? The case of Malaysia |
| title_sort | is money neutral in stock market? the case of malaysia |
| topic | AC Collections. Series. Collected works HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/1652/ http://ir.unimas.my/id/eprint/1652/1/Is%2Bmoney%2Bneutral%2Bin%2Bstock%2Bmarket%2BThe%2Bcase%2Bof%2BMalaysia%20%281%29.pdf |