Showing 1 - 10 of 967
The objective of this study is to estimate the demand for money in Iran using the autoregressive distributed lag (ARDL …
Persistent link: https://www.econbiz.de/10005619931
The main focus of the study is to find the determinants of money demand in Pakistan. We used disaggregated expenditures approach in this regard. To find the co-integration among the variables of the model, Johansen co-integration approach is utilized. The results of the study show that the...
Persistent link: https://www.econbiz.de/10011111435
This paper presents secular evidence on the income velocity of money balances. Under a variety of specifications and statistical techniques, employed on both traditional and non-traditional variables, the Friedman assertion that money is a superior good is found to lack empirical support....
Persistent link: https://www.econbiz.de/10008567643
While the paper lacks an abstract, it argues that the proportion of a portfolio devoted to cash decreases as wealth grows. This is consistent with decreasing relative risk aversion and with a money demand that is normal, but not superior.
Persistent link: https://www.econbiz.de/10008567655
case of Bangladesh and evaluates stability of the equations. The analysis shows that there exist a long-run relationship … econometric problem faced by other studies. The stability of the equations and coefficients were highly encouraging. …
Persistent link: https://www.econbiz.de/10008583555
conventional money demand studies, the major components of real income are considered in this paper. Using the ARDL bounds testing … estimation methods. The empirical investigation suggests also the stability of the broad money demand function during the sample …
Persistent link: https://www.econbiz.de/10011259415
aggregate is considered as the nominal anchor. The stability of the money demand has been the focus of numerous debates due to …
Persistent link: https://www.econbiz.de/10011261168
This paper attempts to take a meticulous look on stability of money demand in India Using annual data for period 1953 …
Persistent link: https://www.econbiz.de/10004992052
procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money …The main purpose of this study is to re-investigate the stability of Japanese M2 money demand function over the period … that the money demand function is stable over the analysis period. However, the evidence of rolling ARDL cointegration test …
Persistent link: https://www.econbiz.de/10008567683
This article studies the demand for one particular component of the money stock, currency, in Malta in the light of the existing theoretical and empirical framework. In particular, it argues that the commonly applied analytical framework needs to be tweaked slightly for it to better explain the...
Persistent link: https://www.econbiz.de/10011109765