Financial liberalization and money deman
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Robert Dekle; Mahmood Pradhan
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Article
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1999
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John Wiley and Sons
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English
β 150 KB
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