Darrat, Ali F.; Al-Sowaidi, Saif S. - In: Review of Financial Economics 18 (2009) 3, pp. 124-131
This paper examines whether recent financial changes in three emerging market economies in the Gulf region (Bahrain, the UAE, and Qatar) have distorted the character and the stability of their underlying long-run money demand relations. Money demand instability prompts concerns about the...