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The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
Through a consideration of factors which have resulted in a more reduced role for the external auditor in certain jurisdictions – when compared to others, this paper will consider, as well as highlight why an enhanced awareness of the role of the external auditor in such jurisdictions will be...
Persistent link: https://www.econbiz.de/10009647355
Based on a bank-level panel dataset for Malaysian banks from 1997 to 2005, this paper analyzes the effects of bank …-specific characteristics, bank specialization and portfolio concentrations on the transmission of monetary policy via bank lending channel in a … fairly well-developed financial system. The dynamic panel regression results provide evidence in favour of the bank lending …
Persistent link: https://www.econbiz.de/10008919758
The paper explores the measurement of monetary condition in Malaysia to augment the existing monetary policy framework … in Malaysia. While this approach obviously does not provide answers to every question and as a leading indicator for …
Persistent link: https://www.econbiz.de/10008855542
financial market with the focus on Malaysia bond market. By controlling for past values of the dependent variable, this paper …
Persistent link: https://www.econbiz.de/10008855569
The paper explores the measurement of monetary condition in Malaysia to augment the existing monetary policy framework … in Malaysia. While this approach obviously does not provide answers to every question and as a leading indicator for …
Persistent link: https://www.econbiz.de/10008855806
As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to their historical evolution are available...
Persistent link: https://www.econbiz.de/10008533251
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
Central Bank of Malaysia (Bank Negara Malaysia), Department of Statistics Malaysia and National Property Information Centre … these research addresses the issue specifically to Malaysia. This paper serves the purpose to fill in the gap whereby … (NAPIC) of the Valuation and Property Services Department of Malaysia. The time series techniques namely cointegration …
Persistent link: https://www.econbiz.de/10011258611
the budget policy. In the case of Malaysia, as observed, the budget policy is associated with the long or medium term …. This paper has found that in the case of Malaysia the Member of Parliaments do influence the outlining of the annual budget. …
Persistent link: https://www.econbiz.de/10011259108