GOH, Kim-Leng; CHONG, Chin-Sieng; YONG, Sook-Lu - In: Applied Econometrics and International Development 7 (2007) 2
The relevance of bank lending channel for the transmission process of monetary policy in Malaysia is investigated using the autoregressive-distributed lag (ARDL) model. The newly developed bounds test (Pesaran, et al. 2001) is employed to determine the specification of this model. Deposits tend...