Asgary, Nader; Gregory, Paul R; Mokhtari, Manouchehr - In: Economic Inquiry 35 (1997) 2, pp. 365-77
This paper examines the effects of shortages on the demand for money of Soviet citizens. It is the first to examine the demand for money in a centrally planned economy using cross-section data in which alternatives to income and interest rates are used to explain money demand. The authors find...