Showing 1 - 10 of 115
for the euro by Russian economic agents is tested for the period 1999-2004.Finally we suggest a theoretical interpretation …
Persistent link: https://www.econbiz.de/10012148498
for the euro by Russian economic agents is tested for the period 1999-2004. Finally we suggest a theoretical …
Persistent link: https://www.econbiz.de/10005419597
We apply empirical modelling set-ups developed to capture the hysteresis effect in the data on deposit dollarization in a cross-section of emerging market economies. Specifically, we estimate a nonlinear relationship that determines two equilibrium levels of deposit dollarization depending on...
Persistent link: https://www.econbiz.de/10012148773
Underdeveloped financial markets and periods of high inflation have stimulated dollarization and currency substitution in the economies of Central Asia. Some authors argue that the latter can pose serious obstacles for the effective conduct of monetary policy and can affect households’...
Persistent link: https://www.econbiz.de/10008483928
We examine money demand in the Chinese economy during a period characterized by significant disinflation and outright deflation, coupled with strong output growth.Our study establishes a stable money demand system for broad money M2.Inflation affects the adjustment of the system towards...
Persistent link: https://www.econbiz.de/10012148513
We estimate money demand models for certain monetary aggregates across different institutional sectors (a novelty for the Russian case). Our results comprise a collection of money demand equations that include different combinations of explanatory variables. Comparing the validity of these...
Persistent link: https://www.econbiz.de/10012148717
We estimate money demand models for certain monetary aggregates across different institutional sectors (a novelty for the Russian case). Our results comprise a collection of money demand equations that include different combinations of explanatory variables. Comparing the validity of these...
Persistent link: https://www.econbiz.de/10010818569
We examine money demand in the Chinese economy during a period characterized by significant disinflation and outright deflation, coupled with strong output growth. Our study establishes a stable money demand system for broad money M2. Inflation affects the adjustment of the system towards...
Persistent link: https://www.econbiz.de/10005190666
We examine the transition process from a centrally planned to a market-based monetary system in China, with the objective of giving a functional form to the transition in money demand. Applying the cointegrating Time-Varying Smooth Transition Regression model proposed by Choi and Saikkonen...
Persistent link: https://www.econbiz.de/10009351498
We examine wealth effects for Russian money demand in a cointegrated vector autoregressive framework. We find that an aggregate wealth variable, as well as the components housing and equity prices included separately, significantly enter the long-run money demand relationship. There are feedback...
Persistent link: https://www.econbiz.de/10008466299