Economics

Estimating Monetary Policy Rules: An Optimal Monetary Conditions Index for Malaysia

Details: Category: Finance, Banking & Taxation; Published: Sunday, 13 July 2008 10:48; Posted by Gan, Pei-Tha & Kwek, Kian-Teng

Based on the concept of the monetary conditions index (MCI) to underscore the important role of the interest rate parity, the paper attempts to estimate a model of optimal monetary policy for open emerging market economies. It is designed to shed a light of significance of the internal and external equilibrium and provide the basis for the analysis. The paper estimated the relative influence of interest rates and exchange rate on the output gap, the weights of real interest rates and real exchange rate, which are used to estimate the optimal monetary conditions index. Several approaches employed here to check the appropriateness of the output gap. The estimated weights are 1.6: 1, which can be used to specify operating target rule for monetary policy. Source: International Research Journal of Finance & Economics; 2008 Issue 14, p196-211, 16p. Authors: Gan, Pei-Tha & Kwek, Kian-Teng.

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Detecting Rational Speculative Bubbles in the Malaysian Stock Market

Details: Category: Finance, Banking & Taxation; Published: Sunday, 13 July 2008 10:24; Posted by Mokhtar, Suraya Hanim, Nassir, Annuar Md & Hassan, Taufiq

The study investigates the presence of rational speculative bubbles in Malaysian stock market by employing duration dependence test using the Weibull's hazard model and Log Logistic hazard model. Using abnormal monthly real returns, we report the existence of rational speculative bubbles in Malaysian stock market in before (1994–1996) and after (1999–2003) the Asian Financial Crisis 1997.This study provide a modest attempt to investigate the price behavior of stocks from a behavioral finance perspective. Source International Research Journal of Finance & Economics; 2006 Issue 6, p102-115, 14p. Authors: Mokhtar, Suraya Hanim, Nassir, Annuar Md & Hassan, Taufiz.

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Perbankan Islam Dan Penerimaan Masyarakat Di Terengganu

Details: Category: Finance, Banking & Taxation; Published: Saturday, 12 July 2008 11:45; Posted by Zuraini Anang, Roshanim Koris & Roseliza Mat Alipiah

The purpose of this research is to study the acceptance of the community in Terengganu towards Islamic banking. The findings revealed that majority of customers have a lack of knowledge and information about Islamic banking. They do not understand the principles of Syariah which were applied in product/services such as Bai’ Bithaman Ajil, Ijarah and Murabahah. Publication: 4th International Malaysian Studies Conference; 3-5 August 2004, Universiti Kebangsaan Malaysia, Bangi. Authors: Zuraini Anang, Roshanim Koris & Roseliza Mat Alipiah.

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Bright Future For Islamic Finance

Details: Category: Finance, Banking & Taxation; Published: Sunday, 13 July 2008 04:59; Posted by Asia Monitor: South East Asia Monitor

The article presents the economic outlook for Malaysia from 2007 to 2010. Islamic financial services products are expected to increase by 73% in 2007 and are projected to strengthen in coming years. The country is forecast to maintain its position as the world's leader in Islamic banking and finance. The country introduced a number of tax exemptions and incentives to all Islamic banking and takaful (Islamic acceptable insurance) companies to help in an increasingly competitive industry. Source: Asia Monitor: South East Asia Monitor Volume 2; May2008, Vol. 19 Issue 5, p6-6, 2/3p. Author: Asia Monitor: South East Asia Monitor.

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Pegging Amidst the Floaters Post Crisis Exchange Rate Policy in Malaysia vis-a-vis the Neighbours

Details: Category: Finance, Banking & Taxation; Published: Saturday, 12 July 2008 11:29; Posted by Authors: Saadiah Mohamad & Siti Ayu Jalil

The paper examines the arguments for and against a fixed exchange rate regime for a small open economy like Malaysia and looks at the post crisis actual performance of exchange rate movements of its neighbouring economies. The paper also evaluates the economic performance of Malaysia vis-à-vis that of the rest of ASEAN and discusses whether the differences could be attributable, at least partly, to the differing exchange rate policies adopted. Publication: 4th International Malaysian Studies Conference; 3-5 August 2004, Universiti Kebangsaan Malaysia, Bangi. Authors: Saadiah Mohamad & Siti Ayu Jalil.

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