The Experts below are selected from a list of 14871 Experts worldwide ranked by ideXlab platform
Norlin Khalid - One of the best experts on this subject based on the ideXlab platform.
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HALAJU WANG DI MALAYSIA: BUKTI EMPIRIK
International Journal of Management Studies, 2010Co-Authors: Zulkefly Abdul Karim, Mansor Jusoh, Norlin KhalidAbstract:This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility model in ARCH and GARCH framework, Johansen co integration test and Vector Error Correction Model (VECM). The results show that the velocity of money for M1 (V1) and M2 (V2) are volatile and persistence rather than M3 (V3). The Johansen co integration test result indicates that the existence of long run relationship between velocity of money V1, V2 and V3 on the dependent variables, such as Bond Interest Rate, deposit Rate and income. Furthermore, the VECM result showed that the changes in dependent variables such as Bond Interest Rate, deposit Rate and income are significantly to influence the changes in velocity of money for V2 and V3 in the long run. Conversely, in the short run, a change in the national income has only significantly to cause the changes in the velocity of money V2 and V3, while the Interest Rate has significant effect to cause the velocity of money V3.
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Halaju wang di Malaysia : bukti empirik [The velocity of money in Malaysia : empirical evidence]
2008Co-Authors: Zulkefly Abdul Karim, Mansor Jusoh, Norlin KhalidAbstract:This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility model in ARCH and GARCH framework, Johansen co integration test and Vector Error Correction Model (VECM). The results show that the velocity of money for M1 (V1) and M2 (V2) are volatile and persistence rather than M3 (V3). The Johansen co integration test result indicates that the existence of long run relationship between velocity of money V1, V2 and V3 on the dependent variables, such as Bond Interest Rate, deposit Rate and income. Furthermore, the VECM result showed that the changes in dependent variables such as Bond Interest Rate, deposit Rate and income are significantly to influence the changes in velocity of money for V2 and V3 in the long run. Conversely, in the short run, a change in the national income has only significantly to cause the changes in the velocity of money V2 and V3, while the Interest Rate has significant effect to cause the velocity of money V3.
Zulkefly Abdul Karim - One of the best experts on this subject based on the ideXlab platform.
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HALAJU WANG DI MALAYSIA: BUKTI EMPIRIK
International Journal of Management Studies, 2010Co-Authors: Zulkefly Abdul Karim, Mansor Jusoh, Norlin KhalidAbstract:This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility model in ARCH and GARCH framework, Johansen co integration test and Vector Error Correction Model (VECM). The results show that the velocity of money for M1 (V1) and M2 (V2) are volatile and persistence rather than M3 (V3). The Johansen co integration test result indicates that the existence of long run relationship between velocity of money V1, V2 and V3 on the dependent variables, such as Bond Interest Rate, deposit Rate and income. Furthermore, the VECM result showed that the changes in dependent variables such as Bond Interest Rate, deposit Rate and income are significantly to influence the changes in velocity of money for V2 and V3 in the long run. Conversely, in the short run, a change in the national income has only significantly to cause the changes in the velocity of money V2 and V3, while the Interest Rate has significant effect to cause the velocity of money V3.
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Halaju wang di Malaysia : bukti empirik [The velocity of money in Malaysia : empirical evidence]
2008Co-Authors: Zulkefly Abdul Karim, Mansor Jusoh, Norlin KhalidAbstract:This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility model in ARCH and GARCH framework, Johansen co integration test and Vector Error Correction Model (VECM). The results show that the velocity of money for M1 (V1) and M2 (V2) are volatile and persistence rather than M3 (V3). The Johansen co integration test result indicates that the existence of long run relationship between velocity of money V1, V2 and V3 on the dependent variables, such as Bond Interest Rate, deposit Rate and income. Furthermore, the VECM result showed that the changes in dependent variables such as Bond Interest Rate, deposit Rate and income are significantly to influence the changes in velocity of money for V2 and V3 in the long run. Conversely, in the short run, a change in the national income has only significantly to cause the changes in the velocity of money V2 and V3, while the Interest Rate has significant effect to cause the velocity of money V3.
Zongfei Fu - One of the best experts on this subject based on the ideXlab platform.
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Interest Rate model in uncertain environment based on exponential ornstein uhlenbeck equation
Soft Computing, 2018Co-Authors: Zongfei FuAbstract:As an important macroeconomic variable and monetary policy tool, Interest Rate has been included in the core of the economic analysis for a long time. Reasonable Interest Rate is significant in the aspects of improving the social credit level and playing the economic leverage role, so the modeling approach of Interest Rate is our concern. This paper proposes a new Interest Rate model on the basis of exponential Ornstein–Uhlenbeck equation under the uncertain environment. Based on the model, the pricing formulas of the zero-coupon Bond, Interest Rate ceiling and Interest Rate floor are derived through the Yao–Chen formula. In addition, some numerical algorithms are designed to calculate the prices of derivations according to the pricing formulas above.
Kai Yao - One of the best experts on this subject based on the ideXlab platform.
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Interest Rate model in uncertain environment based on exponential Ornstein–Uhlenbeck equation
Soft Computing, 2016Co-Authors: Yiyao Sun, Kai YaoAbstract:As an important macroeconomic variable and monetary policy tool, Interest Rate has been included in the core of the economic analysis for a long time. Reasonable Interest Rate is significant in the aspects of improving the social credit level and playing the economic leverage role, so the modeling approach of Interest Rate is our concern. This paper proposes a new Interest Rate model on the basis of exponential Ornstein–Uhlenbeck equation under the uncertain environment. Based on the model, the pricing formulas of the zero-coupon Bond, Interest Rate ceiling and Interest Rate floor are derived through the Yao–Chen formula. In addition, some numerical algorithms are designed to calculate the prices of derivations according to the pricing formulas above.
Mansor Jusoh - One of the best experts on this subject based on the ideXlab platform.
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HALAJU WANG DI MALAYSIA: BUKTI EMPIRIK
International Journal of Management Studies, 2010Co-Authors: Zulkefly Abdul Karim, Mansor Jusoh, Norlin KhalidAbstract:This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility model in ARCH and GARCH framework, Johansen co integration test and Vector Error Correction Model (VECM). The results show that the velocity of money for M1 (V1) and M2 (V2) are volatile and persistence rather than M3 (V3). The Johansen co integration test result indicates that the existence of long run relationship between velocity of money V1, V2 and V3 on the dependent variables, such as Bond Interest Rate, deposit Rate and income. Furthermore, the VECM result showed that the changes in dependent variables such as Bond Interest Rate, deposit Rate and income are significantly to influence the changes in velocity of money for V2 and V3 in the long run. Conversely, in the short run, a change in the national income has only significantly to cause the changes in the velocity of money V2 and V3, while the Interest Rate has significant effect to cause the velocity of money V3.
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Halaju wang di Malaysia : bukti empirik [The velocity of money in Malaysia : empirical evidence]
2008Co-Authors: Zulkefly Abdul Karim, Mansor Jusoh, Norlin KhalidAbstract:This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility model in ARCH and GARCH framework, Johansen co integration test and Vector Error Correction Model (VECM). The results show that the velocity of money for M1 (V1) and M2 (V2) are volatile and persistence rather than M3 (V3). The Johansen co integration test result indicates that the existence of long run relationship between velocity of money V1, V2 and V3 on the dependent variables, such as Bond Interest Rate, deposit Rate and income. Furthermore, the VECM result showed that the changes in dependent variables such as Bond Interest Rate, deposit Rate and income are significantly to influence the changes in velocity of money for V2 and V3 in the long run. Conversely, in the short run, a change in the national income has only significantly to cause the changes in the velocity of money V2 and V3, while the Interest Rate has significant effect to cause the velocity of money V3.