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).
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Abstract
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.
| Item Type: | Article |
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| Additional Information: | Universiti Malaysia Sarawak, UNIMAS |
| Uncontrolled Keywords: | UNIMAS, Money, Malaysia |
| Subjects: | A General Works > AC Collections. Series. Collected works H Social Sciences > HB Economic Theory |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Karen Kornalius |
| Date Deposited: | 07 Apr 2014 03:18 |
| Last Modified: | 14 Apr 2016 07:01 |
| URI: | http://ir.unimas.my/id/eprint/1652 |
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