Demand for money function in India has been experimented with various specification and estimation issues. The main focus of this exercise is to re-evaluate the performance of the money demand specifications in the context of identifying suitable determinants. The major concern of this effort is...

A very large number of empirical studies have been conducted in many countries to evaluate the determinants and stability of the demand for money. The analysis of this paper deals with error correction, causality and stability issues in money demand estimation. In this study various money supply...