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Some new evidence on the determinants of money demand in developing countries – A case study of Tunisia

Ben Salha, Ousama; Jaidi, Zied - Volkswirtschaftliche Fakultät, … - 2013

The present paper aims at examining the money demand function in Tunisia during the period 1981-2011. Unlike previous … approach, results reveal evidence of cointegration between broad money demand and its determinants, namely final consumption … period. We conclude that monetary policy in Tunisia should be based on a broad definition of money. Furthermore, the …

Persistent link: https://www.econbiz.de/10011259415

Money Demand in Romania

Dumitru, Ionut - Volkswirtschaftliche Fakultät, … - 2002

Finding a stable money demand relationship is considered essential for the formulation and conduction of an efficient monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both developed and developing countries to evaluate the determinants and the...

Persistent link: https://www.econbiz.de/10005786947

The Money Demand with Random Output and Limited Access to Debt

Mierzejewski, Fernando - Volkswirtschaftliche Fakultät, … - 2007

The money-demand of the economy is characterised, when national output is random and investors cannot attract any level of debt at any moment without incurring in additional costs. The optimal cash balance is then expressed as the probability-quantile (or Value-at-Risk) of the series of capital...

Persistent link: https://www.econbiz.de/10005789732

An actuarial approach to short-run monetary equilibrium

Mierzejewski, Fernando - Volkswirtschaftliche Fakultät, … - 2007

The extent to which the money supply affects the aggregate cash balance demanded at a certain level of nominal income and interest rates is determined by the interest-rate-elasticity and stability of the money demand. An actuarial approach is adopted in this paper for dealing with investors...

Persistent link: https://www.econbiz.de/10005789895

Liquidity preference as rational behaviour under uncertainty

Mierzejewski, Fernando - Volkswirtschaftliche Fakultät, … - 2006

An important concern of macroeconomic analysis is how interest rates affect the cash balance demanded at a certain level of nominal income. In fact, the interest-rate- elasticity of the liquidity demand determines the effectiveness of monetary policy, which is useless under absolute liquidity...

Persistent link: https://www.econbiz.de/10005835751

Il circuito della moneta e il finanziamento dell'economia. Un'analisi teorica.

Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 1999

This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those...

Persistent link: https://www.econbiz.de/10011111080

The effect of financial deregulation on money demand in Malaysia

Ahmad, Mahyudin - Volkswirtschaftliche Fakultät, … - 2008

Johansen cointegration test, and Vector Error Correction model in the analysis of the dynamics of the short run money demand …

Persistent link: https://www.econbiz.de/10011108308

Inflationary Implication of Gold Price in Vietnam

Siregar, Reza Yamora; Nguyen, Thi Kim Cuc - Volkswirtschaftliche Fakultät, … - 2013

The sustained elevated gold price domestically, hovering persistently above the global market price, underscores the peculiar nature of the gold market in Vietnam and the resiliently strong demand for gold in the local market. In particular, the movements in the price of gold seem to lead a...

Persistent link: https://www.econbiz.de/10011108861

Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries

Hamdi, Helmi; Sbia, Rashid; said, ali - Volkswirtschaftliche Fakultät, … - 2014

countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the …

Persistent link: https://www.econbiz.de/10011212951

Structural break, stability and demand for money in India

Singh, Prakash; Pandey, Manoj K. - Volkswirtschaftliche Fakultät, … - 2009

-2007 and the Hansen (1992) and Gregory Hansen (1996) co-integration approaches with structural break. Results of the Gregory … Hansen (1996) cointegration analysis show the presence of cointegration in demand for money, real GDP and nominal interest …

Persistent link: https://www.econbiz.de/10004992052