Saatçioglu, Cem; Korap, Levent; Korap, Levent - In: Panoeconomicus 56 (2009) 1, pp. 55-72
of currency in circulation and the broad money aggregate in the economy cannot be rejected through a quantity theoretical … co-integrating long-term variable space. We find that there exists an about one-to-one proportionality between money and … prices and money and real income, and that exogeneity of money cannot be rejected for the currency in circulation in the …