This paper examines the existence and stability of both the long- and short-run demand for narrow and broad money balances. The data for Singapore are used as a case study. The quarterly period examined is 1973:2-1999:3 (105 observations). The study reveals the existence of a systematic long-run...

This paper examines the existence and stability of both the long‐ and short‐run demand for narrow and broad money balances. The data for Singapore are used as a case study. The quarterly period examined is 1973:2‐1999:3 (105 observations). The study reveals the existence of a systematic...