The relationship between monetary base and monetary aaggregates in asean - 5
he purpose of this study is attempted to inve stigate the existence of causal relationship between monetary base and monetary aggregates (M1 and M2) for ASEAN - 5 using the time series data from 1990:Q1 to 2005:Q4. This study is conducted by employing thre...
| Main Author: | |
|---|---|
| Format: | Final Year Project Report / IMRAD |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak, UNIMAS
2007
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/6467/ http://ir.unimas.my/id/eprint/6467/4/Ng%20Chai%20Chet%20ft.pdf |
| _version_ | 1848835921942675456 |
|---|---|
| author | Ng,, Chai Chet. |
| author_facet | Ng,, Chai Chet. |
| author_sort | Ng,, Chai Chet. |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | he purpose of this study is attempted to inve
stigate the existence of causal
relationship between monetary base and monetary aggregates (M1 and M2) for
ASEAN
-
5 using the time series data from 1990:Q1 to 2005:Q4. This study is
conducted by employing three methods, which are Augmented Dickey
-
Fuller (19
79)
unit root test, Johansen
-
Juselius (1990) cointegration test and Granger causality test.
Only Singapore and Thailand show a significant long
-
run cointegrating vector
between monetary base and monetary variables, which are M1 and M2 respectively.
The res
t of the ASEAN
-
5 countries fail to show a long
-
run relationship between the
variables. The causality test results show that in general there is not uni
-
directional
with causality running from monetary base to monetary aggregates in ASEAN
-
5.
Thus, monetary
targeting is inappropriate used as a monetary policy in ASEAN
-
5. In
particular, policy should be designed to improve and strengthen the monetary and
financial market in order to get better controlling in money supply process. Each
ASEAN
-
5 country has to en
sure the selected intermediate target must be measurable,
controllable and predictable. |
| first_indexed | 2025-11-15T06:15:33Z |
| format | Final Year Project Report / IMRAD |
| id | unimas-6467 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:15:33Z |
| publishDate | 2007 |
| publisher | Universiti Malaysia Sarawak, UNIMAS |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-64672024-01-18T06:30:35Z http://ir.unimas.my/id/eprint/6467/ The relationship between monetary base and monetary aaggregates in asean - 5 Ng,, Chai Chet. HG Finance he purpose of this study is attempted to inve stigate the existence of causal relationship between monetary base and monetary aggregates (M1 and M2) for ASEAN - 5 using the time series data from 1990:Q1 to 2005:Q4. This study is conducted by employing three methods, which are Augmented Dickey - Fuller (19 79) unit root test, Johansen - Juselius (1990) cointegration test and Granger causality test. Only Singapore and Thailand show a significant long - run cointegrating vector between monetary base and monetary variables, which are M1 and M2 respectively. The res t of the ASEAN - 5 countries fail to show a long - run relationship between the variables. The causality test results show that in general there is not uni - directional with causality running from monetary base to monetary aggregates in ASEAN - 5. Thus, monetary targeting is inappropriate used as a monetary policy in ASEAN - 5. In particular, policy should be designed to improve and strengthen the monetary and financial market in order to get better controlling in money supply process. Each ASEAN - 5 country has to en sure the selected intermediate target must be measurable, controllable and predictable. Universiti Malaysia Sarawak, UNIMAS 2007 Final Year Project Report / IMRAD NonPeerReviewed text en http://ir.unimas.my/id/eprint/6467/4/Ng%20Chai%20Chet%20ft.pdf Ng,, Chai Chet. (2007) The relationship between monetary base and monetary aaggregates in asean - 5. [Final Year Project Report / IMRAD] (Unpublished) |
| spellingShingle | HG Finance Ng,, Chai Chet. The relationship between monetary base and monetary aaggregates in asean - 5 |
| title | The relationship between monetary base and monetary aaggregates in asean - 5 |
| title_full | The relationship between monetary base and monetary aaggregates in asean - 5 |
| title_fullStr | The relationship between monetary base and monetary aaggregates in asean - 5 |
| title_full_unstemmed | The relationship between monetary base and monetary aaggregates in asean - 5 |
| title_short | The relationship between monetary base and monetary aaggregates in asean - 5 |
| title_sort | relationship between monetary base and monetary aaggregates in asean - 5 |
| topic | HG Finance |
| url | http://ir.unimas.my/id/eprint/6467/ http://ir.unimas.my/id/eprint/6467/4/Ng%20Chai%20Chet%20ft.pdf |