Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates
This paper's main objective is to empirically investigate whether or not the use of the simple-sum aggregate is justified in the context of Pakistan's economy and also to determine the degree of substitutability of monetary assets.
Volume (Year): 27 (1988)
Issue (Month): 3 ()
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- Clements, Kenneth W. & Nguyen, Phuong, 1980. "Economic monetary aggregates--comment," Journal of Econometrics, Elsevier, vol. 14(1), pages 49-53, September.
- Barnett, William & Offenbacher, Edward & Spindt, Paul, 1981. "New Concepts of Aggregated Money," Journal of Finance, American Finance Association, vol. 36(2), pages 497-505, May.
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