Sarwar, Haroon; Hussain, Zakir; Sarwar, Masood - In: Lahore Journal of Economics 16 (2011) 2, pp. 87-110
The degree of substitutability of different monetary assets serves as a valuable source of information for Pakistan’s monetary authorities in the context of money demand analysis. Barnett’s (1980) concept of the micro-foundations of money demand has paved the way for a more comprehensive...