Khan, Rana Ejaz Ali; Hye, Qazi Muhammad Adnan - In: Journal of Developing Areas 47 (2013) 2, pp. 175-198
money. There are evidences of stability as well as instability of demand for money due to financial development for … cointegration and auto regressive distributed lag (ARDL) to the cointegration is employed to estimate the long-run equilibrium … like gross domestic product, real deposit rate and exchange rate. In order to assess the stability of the model, the …