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Financial progress and the stability of long-run money demand: Implications for the conduct of monetary policy in emerging economies
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...
Persistent link: https://www.econbiz.de/10005023064
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Financial progress and the stability of long-run money demand: implications for the conduct of monetary policy in emerging economies
Darrat, Ali F.; Al-Sowaidi, Saif S. - In: Review of financial economics : RFE 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...
Persistent link: https://www.econbiz.de/10003921391
Cover Image
Financial progress and the stability of long-run money demand: Implications for the conduct of monetary policy in emerging economies
Darrat, Ali F.; Al-Sowaidi, Saif S. - In: Review of financial economics : RFE 18 (2009) 3, pp. 124-131
Persistent link: https://www.econbiz.de/10008277052
Cover Image
Financial progress and the stability of long-run money demand: Implications for the conduct of monetary policy in emerging economies
Darrat, Ali F.; Al-Sowaidi, Saif S. - In: Review of financial economics : RFE 18 (2009) 3, pp. 124-132
Persistent link: https://www.econbiz.de/10008895290