Money Demand in the Netherlands
AbstractThis paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 91/57.
Date of creation: 01 Jun 1991
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Postal: International Monetary Fund, Washington, DC USA
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- Abbas Valadkhani & Mohammad Alauddin, 2003.
"Demand for M2 in Developing Countries: An Empirical Panel Investigation,"
School of Economics and Finance Discussion Papers and Working Papers Series
149, School of Economics and Finance, Queensland University of Technology.
- Abbas Valadkhani & Mohammad Alauddin, 2003. "Demand for M2 in Developing Countries: An Empirical Panel Investigation," School of Economics and Finance Discussion Papers and Working Papers Series 158, School of Economics and Finance, Queensland University of Technology.
- Valadkhani, Abbas, 2006. "What Determines the Demand for Money in the Asian-Pacific Countries? An Empirical Panel Investigation," Economics Working Papers wp06-11, School of Economics, University of Wollongong, NSW, Australia.
- Alberto Giovannini & Bart Turtelboom, 1992. "Currency Substitution," NBER Working Papers 4232, National Bureau of Economic Research, Inc.
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