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Dynamic Modelling of the Demand for Money in Latvia

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Author Info
Boriss Siliverstovs

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Abstract

This study develops a parsimonious stable coefficient money demand model for Latvia for the period from 1996 till 2005. A single cointegrating vector between the real money balances, the gross domestic product, the long-term interest rate, and the rate of inflation is found. Our study contributes to better understanding of the factors shaping the demand for money in the new Member States of the European Union that committed themselves to adopting of the Euro currency in the near future.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.60156.de/dp703.pdf
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Paper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 703.

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Length: 23 p.
Date of creation: 2007
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Handle: RePEc:diw:diwwpp:dp703

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Related research
Keywords: M2 money demand; stability; new EU member states; Latvia;

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Find related papers by JEL classification:
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions
E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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This page was last updated on 2009-11-28.

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