Open economy money demand functions for Singapore are estimated using quarterly data from 1973-1996. Variance decompositions derived from structural vector error correction models are used to test the effect of anticipated exchange rate movements and exchange rate uncertainty on money demand....

This article examines the determinates of the US current account deficit. We decompose the trade balance into its import and export components. This allows us to model responses of imports and exports separately. The analysis is conducted with a semi-structural Vector Error Correction Model...

This study deals with the issue of independent monetary policy and the stability of the domestic money demand function in the presence of currency substitution and capital mobility in five Asian economies. It is argued that money demand will be less stable and more difficult to control in the...