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Demand for money in Thailand

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Author Info
M. Sumner

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Abstract

After a brief review of recent literature, new estimates on a long run of annual observations of the Thai demand for all the standard measures of money are presented. The results demonstrate that the demand for real money balances is a stable function of a scale variable and a coherent measure of opportunity cost, with all the properties predicted by economic theory.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/00036840601019398&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 41 (2009)
Issue (Month): 10 ()
Pages: 1269-1276
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Handle: RePEc:taf:applec:v:41:y:2009:i:10:p:1269-1276

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