Leong, Choi-Meng; Puah, Chin-Hong; Mansor, Shazali Abu; … - In: Margin: The Journal of Applied Economic Research 4 (2010) 3, pp. 321-338
The capability of monetary aggregates to generate stable links with fundamental economic indicators verifies the effectiveness of monetary targeting. However, traditional monetary aggregates become flawed when financial reforms take place. As official monetary aggregates fail to maintain stable...