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Micro foundations and stability of money demand function

Name: Micro foundations and stability of money demand function
Brand: LAP Lambert Academic Publishing
SKU: 06862724
Price: 1198 CZK
Availability: InStock
Author: Haroon Sarwar Awan
ISBN: 9783846543757

The Case of Pakistan

Haroon Sarwar Awan

Zakir Hussain

Jazyk

Angličtina

Kniha Brožovaná

Libristo kód: 06862724

Nakladatelství LAP Lambert Academic Publishing, listopad 2010

The study and estimation of demand for money function has a major role in monetary policy formulatio... Celý popis

Libristo kód: 06862724

120 b

1 198 Kč

Skladem u dodavatele Odesíláme za 8-11 dnů

Až 30 dní na vrácení zboží

Zákazníci také koupili

Van, 90 pensées Van Kniha

Pevná

424 Kč

The study and estimation of demand for money function has a major role in monetary policy formulation. In the back drop of financial deregulation, global financial crisis and structural adjustments, it seems imperative to reinvestigate the money demand function for Pakistan.This study tried to formulate the Divisia aggregates for Pakistan and then used both official (Simple sum) and Divisia aggregates for estimating demand for money function for Pakistan. Moreover, the study tested both groups of money demand functions for stability. The comparison of Simple sum and Divisia based money demand estimates showed that the performance of Divisia based money demand functions was better than their Simple sum counterparts. The results of simple sum and Divisia demand functions showed that interest rate has a very limited role in explaining the demand for money, while the financial innovations were playing a significant role in explaining the money demand pattern.