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
Economic liberalization and money demand stability in Jamaica
โ Scribed by Anne J. Bynoe
- Publisher
- Springer US
- Year
- 2002
- Tongue
- English
- Weight
- 80 KB
- Volume
- 8
- Category
- Article
- ISSN
- 1083-0898
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
Starting from a linear error correction model (ECM) the stability and linearity of a German M1 money demand function are investigated, applying smooth transition regression techniques. Using seasonally unadjusted quarterly data from 1961(1) to 1990(2) it is found that the money demand equation consi
## Abstract The objective of this paper is to survey what is actually known about the financeโgrowth relationship based on theory and empirical work. We point out that traditional theoretical models linking financial development and economic growth do not pay sufficient attention to insights emergi