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Money Price Relationship under the Currency Board System: The Case of Argentina

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Author Info

  • Selahattin Togay

    (Gazi University)

  • Nezir Kose

    (Gazi University)

Abstract

In this study, the endogenous money hypothesis is examined for the Argentinean economy employing exogeneity tests by using monthly data for the time period 1991-2001 within the frame of money and price relationship in a Currency Board-like system. Empirical results support the hypothesis which suggests that money supply is endogenous.

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File URL: http://www.tek.org.tr/dosyalar/togay-kose.arjantin.pdf
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Bibliographic Info

Paper provided by Turkish Economic Association in its series Working Papers with number 2009/1.

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Length: 16 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:tek:wpaper:2009/1

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Related research

Keywords: Currency Board; Argentina; Money Supply Endogeneity; Exogeneity Test;

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