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Demand for money in developing countries : Some theoretical and empirical results


  • Wong, Chorng-huey


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  • Wong, Chorng-huey, 1977. "Demand for money in developing countries : Some theoretical and empirical results," Journal of Monetary Economics, Elsevier, vol. 3(1), pages 59-86, January.
  • Handle: RePEc:eee:moneco:v:3:y:1977:i:1:p:59-86

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    References listed on IDEAS

    1. Cyert, Richard M & DeGroot, Morris H, 1974. "Rational Expectations and Bayesian Analysis," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 521-536, May/June.
    2. Jacob A. Mincer, 1969. "Models of Adaptive Forecasting," NBER Chapters,in: Economic Forecasts and Expectations: Analysis of Forecasting Behavior and Performance, pages 83-111 National Bureau of Economic Research, Inc.
    3. Modigliani, Franco & Shiller, Robert J, 1973. "Inflation, Rational Expectations and the Term Structure of Interest Rates," Economica, London School of Economics and Political Science, vol. 40(157), pages 12-43, February.
    4. Roll, Richard, 1974. "Rational Response to the Money Supply," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 587-597, May/June.
    5. Stanley Diller, 1969. "Expectations in the Term Structure of Interest Rates," NBER Chapters,in: Economic Forecasts and Expectations: Analysis of Forecasting Behavior and Performance, pages 112-166 National Bureau of Economic Research, Inc.
    6. Taylor, John B, 1975. "Monetary Policy during a Transition to Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 83(5), pages 1009-1021, October.
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    Cited by:

    1. Dramani, Latif, 2007. "Modèle multi pays dans les pays de la zone franc
      [Multi country model in CFA zone]
      ," MPRA Paper 3201, University Library of Munich, Germany.
    2. 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.
    3. Felix S. Nyumuah, 2017. "An Investigation into the Interest Elasticity of Demand for Money in Developing Countries: A Panel Data Approach," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(3), pages 69-80, March.
    4. 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.
    5. Syed Muhammad Tariq & Kent Matthews, 1997. "The Demand for Simple-sum and Divisia Monetary Aggregates for Pakistan: A Cointegration Approach," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(3), pages 275-291.
    6. Arize, A. C. & Malindretos, John & Grivoyannis, Elias C., 2005. "Inflation-rate volatility and money demand: Evidence from less developed countries," International Review of Economics & Finance, Elsevier, vol. 14(1), pages 57-80.
    7. Chorng-Huey Wong & Øystein Pettersen, 1979. "Financial programming in the framework of optimal control," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(1), pages 20-37, March.
    8. repec:rss:jnljee:v3i4p7 is not listed on IDEAS
    9. Darrat, Ali F. & Al-Yousif, Yousif K., 1998. "Does money matter in developing economies? Some evidence from the Solow estimator," Review of Financial Economics, Elsevier, vol. 7(2), pages 213-220.
    10. Darrat, Ali F. & Al-Mutawa, Ahmed, 1996. "Modelling money demand in the United Arab Emirates," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(1), pages 65-87.
    11. Panayiotis Diamantis & Dimitris Georgoutsos & George Kouretas, 2001. "The Monetary Approach in the Presence of I(2) Components: A Cointegration Analysis of the Official and Black Market for Foreign Currency in Latin America," Working Papers 0108, University of Crete, Department of Economics.
    12. Odedokun, M. O., 1997. "The monetary approach to analysing floating exchange rate behaviour in developing countries: Evidence from sub-Saharan African countries, 1986-1992," Journal of Development Economics, Elsevier, vol. 52(2), pages 463-481, April.
    13. Abbas Valadkhani, 2008. "Long- and Short-Run Determinants of the Demand for Money in the Asian-Pacific Countries: An Empirical Panel Investigation," Annals of Economics and Finance, Society for AEF, vol. 9(1), pages 77-90, May.

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