This dissertation is comprised of three empirical essays evaluating the effectiveness of monetary policy implementation in a small open economy (i.e. Malaysia) by using macro, and micro-level study. The motivations for these three studies evolve around the issue of the role of monetary policy in...

Purpose: This paper aims to investigate the relationship between financial development (FD) and monetary policy effectiveness (MPE) on output and inflation in ASEAN-3 countries (Singapore, Malaysia and the Philippines). Design/methodology/approach: This study uses an open economy structural...

This study re-examines the integration among five selected ASEAN emerging stock markets Malaysia, Thailand, Indonesia, the Philippines and Singapore) based on Autoregressive Distributed Lag (ARDL) bound testing approach proposed by Pesaran, Shin and Smith 2001). This study finds that the stock...

This paper aims to investigate the relevance of bank-lending channel (BLC) of monetary policy in a small-open economy, i.e. Malaysia by using disaggregated bank-level data set. A dynamic panel data method namely GMM framework proposed by Arellano and Bond (1991), Arellano and Bover (1995), and...