Delatte, Anne-Laure; Fouquau, Julien; Holz, Carsten A. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
We examine the transition process from a centrally planned to a market-based monetary system in China, with the objective of giving a functional form to the transition in money demand. Applying the cointegrating Time-Varying Smooth Transition Regression model proposed by Choi and Saikkonen...
