Demand for money in selected developed and developing countries does economic uncertainty matter (IR)

The purpose of this research is to investigate the relationship between the demand for money (namely, narrow money demand and broad money demand) and optimal economic uncertainty index; in addition to the optimal economic uncertainty index, two control variables are included in the money demand func...

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Main Author:	Lim, Siew Yong
Format:	thesis
Language:	eng
Published:	2015
Subjects:	HB Economic Theory
Online Access:	https://ir.upsi.edu.my/detailsg.php?det=2083
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spelling	oai:ir.upsi.edu.my:20832020-02-27 Demand for money in selected developed and developing countries does economic uncertainty matter (IR) 2015 Lim, Siew Yong HB Economic Theory The purpose of this research is to investigate the relationship between the demand for money (namely, narrow money demand and broad money demand) and optimal economic uncertainty index; in addition to the optimal economic uncertainty index, two control variables are included in the money demand function, namely exchange rate and inflation; note that the optimal economic uncertainty index is a summary information of economic uncertainty for the future state of the economy. The optimal economic uncertainty index applies in this research is an optimal algorithm approach. The relationships between the demand for money and the optimal economic uncertainty index, the real exchange rate, the real income, the real interest rate and the inflation are examined by using the autoregressive distributed lag (ARDL) dynamic heterogeneous panel cointegration test. Four selected developed countries and five selected developing countries are taken up as samples in this research. Using the panel cointegration method, the findings provide some policy implications; the optimal economic uncertainty index can serve as a signaling indicator of uncertainty about future economic events to promote the stability of money demand function (namely, narrow money demand function and broad money demand function), and the exchange rate and inflation are useful indicators of central banks decision making process that eventually enhance the control of monetary aggregates in the transmission of monetary policy. 2015 thesis https://ir.upsi.edu.my/detailsg.php?det=2083 https://ir.upsi.edu.my/detailsg.php?det=2083 text eng closedAccess Masters Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi N/A
institution	Universiti Pendidikan Sultan Idris
collection	UPSI Digital Repository
language	eng
topic	HB Economic Theory
spellingShingle	HB Economic Theory Lim, Siew Yong Demand for money in selected developed and developing countries does economic uncertainty matter (IR)
description	The purpose of this research is to investigate the relationship between the demand for money (namely, narrow money demand and broad money demand) and optimal economic uncertainty index; in addition to the optimal economic uncertainty index, two control variables are included in the money demand function, namely exchange rate and inflation; note that the optimal economic uncertainty index is a summary information of economic uncertainty for the future state of the economy. The optimal economic uncertainty index applies in this research is an optimal algorithm approach. The relationships between the demand for money and the optimal economic uncertainty index, the real exchange rate, the real income, the real interest rate and the inflation are examined by using the autoregressive distributed lag (ARDL) dynamic heterogeneous panel cointegration test. Four selected developed countries and five selected developing countries are taken up as samples in this research. Using the panel cointegration method, the findings provide some policy implications; the optimal economic uncertainty index can serve as a signaling indicator of uncertainty about future economic events to promote the stability of money demand function (namely, narrow money demand function and broad money demand function), and the exchange rate and inflation are useful indicators of central banks decision making process that eventually enhance the control of monetary aggregates in the transmission of monetary policy.
format	thesis
qualification_name
qualification_level	Master's degree
author	Lim, Siew Yong
author_facet	Lim, Siew Yong
author_sort	Lim, Siew Yong
title	Demand for money in selected developed and developing countries does economic uncertainty matter (IR)
title_short	Demand for money in selected developed and developing countries does economic uncertainty matter (IR)
title_full	Demand for money in selected developed and developing countries does economic uncertainty matter (IR)
title_fullStr	Demand for money in selected developed and developing countries does economic uncertainty matter (IR)
title_full_unstemmed	Demand for money in selected developed and developing countries does economic uncertainty matter (IR)
title_sort	demand for money in selected developed and developing countries does economic uncertainty matter (ir)
granting_institution	Universiti Pendidikan Sultan Idris
granting_department	Fakulti Pengurusan dan Ekonomi
publishDate	2015
url	https://ir.upsi.edu.my/detailsg.php?det=2083
_version_	1747832999775305728

Demand for money in selected developed and developing countries does economic uncertainty matter (IR)

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