Skip to main content

Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries

Buy Article:

$55.00 plus tax (Refund Policy)


This study examines the usefulness of divisia money, relative to simple sum money, for exchange rate modelling in a period of rapid financial deregulation. This comparison is conducted using the monetary model of the exchange rate. In the long-run modelling, the divisia money is significantly superior to simple sum money in the case of Malaysia and the Philippines while indifferent for Indonesia, Singapore and Thailand.

Document Type: Research Article


Affiliations: Faculty of Economics and Management, Department of Economics, Universiti Putra Malaysia, Selangor, Malaysia

Publication date: 2009-06-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more