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) approach to cointegration analysis. The empirical results show that there is a unique cointegrated and stable long …
Persistent link: https://www.econbiz.de/10005619931
In this paper we analyze the money demand functions of the four largest EMU countriesand of the four-country (EMU-4) aggregate. We identify reasonable and stable moneydemand relationships for Germany, France and Spain as well as the EMU-4 aggregate.For the case of Italy, results are less clear....
Persistent link: https://www.econbiz.de/10005046795
In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 aggregate. For the case of Italy, results are less...
Persistent link: https://www.econbiz.de/10005818904
period of 1975-2011.The results based on the bounds testing procedure reveal that there exist the cointegration among the …
Persistent link: https://www.econbiz.de/10010756174
-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis …
Persistent link: https://www.econbiz.de/10011432808
with a switching intercept term. Of course, this likely leads to a rejection of cointegration by standard tests and to the …
Persistent link: https://www.econbiz.de/10011570250
first half of the 19th century. The evidence from cointegration tests suggests that a long-run equilibrium relationship for …) cointegration tests produce strong evidence in favor of a stable long-run money demand. Evidence for Israel and Lebanon is weaker … demand or it is mixed across money demand specifications and/or type of cointegration test. …
Persistent link: https://www.econbiz.de/10011961332
The stability of the demand for real Ml in Indonesia is empirically examinedusing quarterly data between 1981 and 2002 …
Persistent link: https://www.econbiz.de/10011343266
Persistent link: https://www.econbiz.de/10014320871
Demand for cash is generally known to be influenced by several factors−including transaction motive used for payment, opportunity cost, precautionary motive (such as crisis period), and other motives (such as aging and demand from abroad). In recent years, cashless payment methods have...
Persistent link: https://www.econbiz.de/10012101636