Currency Substitution and Money Demand in Euroland
โ Scribed by Miguel Lebre de Freitas
- Publisher
- Springer US
- Year
- 2006
- Tongue
- English
- Weight
- 260 KB
- Volume
- 34
- Category
- Article
- ISSN
- 0197-4254
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
In this paper an empirically stable money demand model for M3 in Germany is presented. The sample period 1975ยฑ94 includes German uniยฎcation. It is shown that this development has not substantially destabilized money demand. Parameter stability is extensively tested and not rejected. Applying encompa
We estimate long-run money demand equations for the ASEAN-4 countries (Indonesia, Malaysia, Singapore, and Thailand) and evaluate whether the equations are cointegrated. Despite the substantial financial liberalization that has taken place in these countries, we find that the money demand equations