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This paper examines the existence and stability of both the long- and short-run demand for narrow and broad money …). The study reveals the existence of a systematic long-run relationship among real money balances, real income, interest … rate and exchange rate. Results from testing the hypothesis of a unitary price elasticity confirm that only the broad money …
Persistent link: https://www.econbiz.de/10005009706
This paper examines the existence and stability of both the long‐ and short‐run demand for narrow and broad money …). The study reveals the existence of a systematic long‐run relationship among real money balances, real income, interest … rate and exchange rate. Results from testing the hypothesis of a unitary price elasticity confirm that only the broad money …
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