Rouhani, Zahra; Behname, Mehdi; Mostafavi, Sayed Mahdi - In: Romanian Economic Business Review 8 (2013) 4, pp. 7-17
This paper searches an appropriate proxy for opportunity cost of holding money. We apply a balance panel data for selected developed and developing countries during the period of 1990-2008. Three models have been estimated for each group of the countries. Both random and fixed effect models have...