Internationaler Währungsfonds - Washington, D.C. : International Monetary Fund - Vol. 1, no. 1 (February 1950)-vol. 45, no. 4 (December 1998)
is hoped that the materials presented in this paper provide some reference points
concerning the behavior of money demand … emerges from the literature is that the empirical work is moti-
vated by a blend of theories.
The general specification begins … balances as the dependent variable (see Boughton, 1981, and Johansen, 1992b). And,
majority of the empirical work does find …
