Badarudin, Z. E.; Ariff, M.; Khalid, A. M. - In: Applied Financial Economics 21 (2011) 14, pp. 1035-1048
This article presents results of tests on two related hypotheses on money supply. The first relates to an unresolved issue of money endogeneity while the second centres on the yet-explored relationship between money supply and bank stock returns if money is found to be endogenous. Our results,...