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The Stability of the M2 Demand Function: Evidence from an Error-Correction Model

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  • Mehra, Yash P
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    Abstract

    This note presents an error-correction model of M2 demand. The Chow test indicates that the M2 demand function is stable over the sample period 1953Q1 to 1991Q2. Copyright 1993 by Ohio State University Press.

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    Bibliographic Info

    Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.

    Volume (Year): 25 (1993)
    Issue (Month): 3 (August)
    Pages: 455-60

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    Handle: RePEc:mcb:jmoncb:v:25:y:1993:i:3:p:455-60

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    Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879

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    Cited by:
    1. doğru, bülent, 2013. "Dynamic Analysis of Money Demand Function: Case of Turkey," MPRA Paper 48402, University Library of Munich, Germany.
    2. Alina Carare & Robert Tchaidze, 2008. "The Use and Abuse of Taylor Rules: How Precisely Can We Estimate Them? ," Working Papers 006-08, International School of Economics at TSU, Tbilisi, Republic of Georgia.
    3. Ram Sharan Kharel Ph.D. & Tap Prasad Koirala Ph.D., 2010. "Modeling Demand for Money in Nepal," NRB Working Paper 06/2010, Nepal Rastra Bank, Research Department.
    4. Yu Hsing, 2007. "Currency Substitution, Capital Mobility and Functional Forms of Money Demand in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(1), pages 35-48, Jan-Jun.
    5. Yu Hsing, 2007. "Tests of the functional form, the substitution effect, and the wealth effect of Mexico´s money demand function," REVISTA DE ECONOMÍA DEL ROSARIO, UNIVERSIDAD DEL ROSARIO.
    6. Ibrahim L. Awad, 2010. "The Monetary Targeting Regime in Egypt: Theoretical and Empirical Investigations," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 150-164.
    7. Youngsoo Bae & Robert M. de Jong, 2007. "Money demand function estimation by nonlinear cointegration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(4), pages 767-793.
    8. Omar Marashdeh, 1998. "The Demand for Money in an Open Economy: the Case of Malaysia," International Finance 9801001, EconWPA.

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