Kumar, Saten; Rao, B. Bhaskara - In: Economic Modelling 29 (2012) 4, pp. 1181-1188
This paper uses the extreme bounds analysis (EBA) of Leamer (1983, 1985) to analyze the robust determinants of the demand for money in a panel of 17 Asian countries for the period 1970 to 2009. These robust determinants are found to be unit root variables. Therefore, cointegration between these...