IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Demand For Money In An Open Economy Setting: A Case Of India

  • Kishore G Kulkarni
  • Mei Yuan

Since 1970s, just after Monetarists revolution that emphasized the stability of demand for money heavily, there have been numerous studies about demand for money estimation. While some studies showed that interest rate is not a very significant determinant of demand for money, some others pointed out the importance of it especially at very low levels ( a la liquidity trap). None of the studies, however, pointed out the demand for money stability in open economy setting. This paper, by pointing out increased role of international trade in India s economy, estimates the demand for money function in Indian case. The results are interesting, but not very supportive to conclude that external variables determine demand for money behavior. While there are some limitations for Indian case to be completely responsive to monetary sector, more studies are needed to explore this type of demand for money behavior.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Article provided by IUP Publications in its journal The IUP Journal of Applied Economics.

Volume (Year): V (2006)
Issue (Month): 5 (September)
Pages: 52-66

as
in new window

Handle: RePEc:icf:icfjae:v:05:y:2006:i:5:p:52-66
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:icf:icfjae:v:05:y:2006:i:5:p:52-66. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (G R K Murty)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.