Record Details

The Long-Run Relationship between Nominal Interest Rates and Inflation of the Asian Developing Countries

Jurnal Ekonomi Malaysia

View Archive Info
 
 
Field Value
 
Title The Long-Run Relationship between Nominal Interest Rates and Inflation of the Asian Developing Countries
 
Creator Mohd Said, Rasidah
Janor, Hawati
 
Subject —
—
—
 
Description ABSTRACTThe relationship between nominal interest rates and inflation in developed countries and the G7 countries have been well documented. However, such relationship in relatively less developed Asian countries is less clear and similar studies that consider a different financial marketsmay have different results. Therefore, this paper uses data for five Asian developing countries namely Malaysia, Thailand, Indonesia, South Korea and Philippines to examine the Fisherian link between inflation and long-term nominal interest rates. In doing so, the Augmellled-DickeyFuller Test and Engle-Granger are applied to investigate the stationary and cointegration properties of the variables. The results indicate unit roof properties for the level of interest rates and inflation for all five countries, however there is no cointegration between both variables forall the countries except for Indonesia. The findings for these four countries are consistent with other findings who argue that the Fisher effect does not hold for countries other than the United States.
 
Publisher Universiti Kebangsaan Malaysia
 
Contributor —
 
Date 2001-12-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
—
 
Format application/pdf
 
Identifier http://ejournal.ukm.my/jem/article/view/2177
 
Source Jurnal Ekonomi Malaysia; Vol 35 (2001): Jurnal Ekonomi Malaysia
0126-1962
 
Language eng
 
Relation http://ejournal.ukm.my/jem/article/view/2177/1618
 
Coverage —
—
—