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This paper empirically estimates the money demand function in Cambodia. We adopt the money demand model that includes exchange rate. For the analysis, Autoregressive Distributed Lag (ARDL) approach to cointegration is employed. Our results indicate that there is cointegration among variables in...
Persistent link: https://www.econbiz.de/10005079296
In this paper, a money demand model constructed on currency in circulation is used to determine the appropriate alternative cost to hold monetary balances in the Turkish economy. Our estimation results, using contemporaneous multivariate co-integration methodology, indicate that the most...
Persistent link: https://www.econbiz.de/10008550062
The aim of this paper is to investigate the currency substitution phenomenon in Romania. We present the evolution of the DI (Dollarization Index) as it is defined by the IMF, the situation on the liabilities side and that of the banking sector. We assess the way in which the traditional...
Persistent link: https://www.econbiz.de/10008493587
In this paper, a reserve money demand model is tried to be constructed for the Turkish economy. Using contemporaneous multivariate co-integration methodology for the investigation period 1987Q1-2007Q3 of the quarterly observations, we find that the real income elasticity of money demand is...
Persistent link: https://www.econbiz.de/10008497671
The paper provides estimate of money (M2) demand for business sector in Pakistan. By using cointegartion analysis and …
Persistent link: https://www.econbiz.de/10005260062
The paper estimated dynamic demand for money (Currency) function for Pakistan. it is concluded that in the long run …
Persistent link: https://www.econbiz.de/10005260334
The study estimates the dynamic demand for money (M2) function in Pakistan by employing cointegration analysis and … interventions. It is found that the rate of inflation is an important determinant of money demand in Pakistan. The analysis reveals … preferred model is super-exogenous, it can be used for policy analysis in Pakistan. …
Persistent link: https://www.econbiz.de/10005835602
The objective of this paper has been to estimate dynamic demand for money function for the business sector in Pakistan …
Persistent link: https://www.econbiz.de/10005836173
The main focus of the study is to find the determinants of money demand in Pakistan. We used disaggregated expenditures … expenditures and government expenditures respectively. It is less elastic to expenditures on exports and price level in Pakistan …. Time trend plays a very significant role in determining the money demand in case of Pakistan. In the short run only one …
Persistent link: https://www.econbiz.de/10011111435
Currency substitution is a widely spread phenomenon in developing countries with high level vagueness of its concept and causes. Therefore, this paper goes all out to examine the relationship that exists between currency substitution and some macroeconomic variables such as exchange rate,...
Persistent link: https://www.econbiz.de/10011260363