๐”– Bobbio Scriptorium
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International evidence on misspecification of the standard money demand equation

โœ Scribed by Meir Kohn; Joyce Manchester

Book ID
113311762
Publisher
Elsevier Science
Year
1985
Tongue
English
Weight
384 KB
Volume
16
Category
Article
ISSN
0304-3932

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In most developing countries, neither corporate nor government bonds are traded on open markets. Indeed, corporate bonds simply do not exist in many developing countries. Typically, the commercial banks are captive buyers of low yielding domestic government bonds by virtue of liquidity ratio require