Demand for Money By Business Sector in a Developing Country: Evidence from Pakistan
AbstractThe paper provides estimate of money (M2) demand for business sector in Pakistan. By using cointegartion analysis and erropr correction mechanism the study found that business sectors money demand behaviour is completely different from the aggregate money demand function. The rate of interest on advances is important determinent of money demand by the business sector.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 2583.
Date of creation: 1999
Date of revision: 0199
Money Demand; Business Sector; Unit Root; Cointegration; Error Correction; Pakistan;
Find related papers by JEL classification:
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
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