Download or read book A Cointegration Analysis of Money Demand in a Developing Country written by Abdul Qayyum and published by . This book was released on 1995 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: AGGREGATE MONEY DEMAND, BUSINESS MONEY DEMAND, COINTEGRATION ANALYSIS, DYNAMIC MODELLING, ERROR CORRECTION, HOUSEHOLD MONEY DEMAND, PAKISTAN, STABILITY, UNIT ROOTS.
Download or read book A Cointegration Analysis of Broad Money Demand in Cameroon written by Jean-Claude Nachega and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cointegration and Demand for Money in the Selected Pacific Island Countries written by Rup Singh and published by . This book was released on 2006 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effects of Oil on Macroeconomic Activity in Developing Countries written by Van Hoa Tran and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Economics in Developing Countries written by Subrata Ghatak and published by Red Globe Press. This book was released on 2007-08 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an introduction to monetary economics with a particular reference to issues relevant for developing economies.
Download or read book Financial Liberalization and Money Demand in Asean Countries written by Mr.Robert Dekle and published by International Monetary Fund. This book was released on 1997-03-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of financial market development and liberalization on money demand behavior in Indonesia, Malaysia, Singapore, and Thailand since the early 1980s. The empirical results indicate continuing instability in the interaction of money growth, economic activity, and inflation. Rapid growth and ongoing changes in financial markets suggest that policy needs to be guided by a wider set of monetary and real sector indicators of inflationary pressures. The feasibility of alternative policy frameworks--including nominal exchange rate targets, and inflation targets--is discussed in the context of the substantial and sustained increase in foreign capital inflows.
Download or read book Money Demand Equation in Ukraine written by Yevgen Zinovyev and published by LAP Lambert Academic Publishing. This book was released on 2010-08 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stability of the money demand equation allows central banks to conduct predictable monetary policy and use money targeting as a policy strategy. That is why, the existence of a stable money demand equation has been extensively investigated by scientists in different countries. This task is especially challenging for Ukraine due to a small number of available observations and structural changes occurring in economies of developing countries. This book consists of two parts: the first part is devoted to testing the stability of the money demand equation with standard cointegration analysis based on unit root tests and long-memory cointegration analysis, while the second part describes the process of creation and testing a parsimonious forecasting model. The book should be useful to professionals in applied econometrics and macroeconomics, especially to ones developing and testing models for emerging economies.
Download or read book Development Macroeconomics written by Subrata Ghatak and published by Routledge. This book was released on 2009-03-09 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: The project brings together a number relevant papers on Macroeconomics of Economic Development from many eminent economists from USA,UK, India and China who are closely associated with the works of Late Professor Anita Ghatak
Download or read book A Cointegration Analysis of a Money Demand System in Europe written by Jan Gottschalk and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Banking Crises on Money Demand and Price Stability written by Maria Soledad Martinez Peria and published by World Bank Publications. This book was released on 2000 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand during crises can be modeled by the same function used during periods of tranquility. But policymakers should be aware that in some instances crises can give rise to variance instability in the price or inflation equations.
Download or read book Survey of Literature on Demand for Money written by Mr.Subramanian S. Sriram and published by International Monetary Fund. This book was released on 1999-05-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Download or read book Long run Money Demand in OECD Countries written by Frauke Dobnik and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stability of Money Demand Function in Asian Developing Countries written by Hafeez Ur Rehman and published by . This book was released on 2002 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand for Money written by Milton 1912- Friedman and published by Hassell Street Press. This book was released on 2021-09-09 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Download or read book Essays on Structural Breaks and Stability of the Money Demand Function written by Waheed A. Banafea and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three chapters. The first chapter surveys recent studies on the stability of the money demand function in selected developing countries. This chapter presents specific details about modeling and estimating the money demand function. Also, reasons behind the mixed results in the literature on the stability of the money demand function are explored as well as providing a guideline for future research on the stability of the money demand function in developing countries. The second chapter empirically investigates the stability of the money demand function in South Korea and Malaysia. The conventional money demand specification and cointegration framework with a single unknown structural break are conducted. The results of the residual-based tests for cointegration reveal that the M1, M2, and M3 demand are stable in the long run in Malaysia. However, there is no evidence of the stability for all three measures of the money demand in South Korea. The results of the residual-based tests suggest that structural breaks in the cointegration vectors are important and need to be accounted for in the specification of the M1, M2, and LF demand in South Korea, where LF includes M2 in addition to the reserves of nonbanking financial institutions and long-term deposits. The third chapter complements the previous chapter. It aims to evaluate the stability of the money demand function in South Korea and Malaysia using a cash in advance model and cointegration framework with one unknown structural break. This theoretical model adds short-term foreign interest rates and real exchange rates in addition to short-term domestic interest rates and real income. Also, the Granger causality and currency substitution analysis are conducted in this chapter. The results of the residuals-based tests indicate that the M2 and LF demand in South Korea, and M1, M2, and M3 demand in Malaysia are stable in the long run. The structural breaks may not be fairly absorbed when a cash in advance model is used for M1 in South Korea. Thus, the residual-based tests suggest that the structural break is still important and needs to be included in the specification of the M1 demand in South Korea.
Download or read book Cointegration Analysis in a German Monetary System written by Kirstin Hubrich and published by Physica. This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the decision of the European Central Bank to assign a prominent role to a monetary aggregate in its policy strategy, it is essential to further understand the policy of monetary targeting of the German Bundesbank and the conditions under which it succeeded. The focus of the empirical analysis is on long-run monetary relationships. A small sample simulation analysis compares the size and power properties of a broad range of systems cointegration tests. The results determine the methods chosen for the cointegration analysis of a small system of macroeconomic variables for Germany. Three stable long-run economic relationships are found which are of major interest for the conduct and transmission of monetary policy in Germany. With the stability of the long-run money demand relation one precondition for the monetary targeting strategy of the Bundesbank is fulfilled. The analysis accounts for the structural break of German reunification and examines the robustness of the empirical results.
Download or read book Cointegration Analysis of Money Demand During the Period 1987 I 1999 Iv in Turkey written by Aziz Kutlar and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study we mainly dealt with money demand in broad sense for the period between 1987(I) when significant reforms related with money policy of Turkey were realised, and 1999(IV) when drastic measures were taken to cope with inflation. Moreover, interrelation between real money demand used in empirical studies for money demand equation, and income, money and treasury bond interest return and inflation were analysed. We applied cointegration test for cointegration analysis and a research was done to find out whether the series were CI(1,1) or not. ADF and PP tests for stationary of were used. It was determined that the series were I (I) when the both tests were used together. Later, a suitable VAR (4) model for cointegration analysis was selected and Granger causality and misspesification ARCH (4) and AR (4) tests were applied. Cointegrating vectors were determined in restricted an unrestricted cointegration analysis, and long-run money demand equation was tried to be stated.
