Egypt’s Liquid Assets and their Quarterly Structure: an Econometric Study of a Less Developed Country
Quarterly studies on LDCs asset demand are rare because of the scantiness of quarterly data especially on their national income. Made possible by the author’s own quarterly estimates of Egypt’s national income and its disaggregates, this paper examines the quarterly structure of its liquid-asset components. Based on the theoretical framework of modem monetary theory, the model used is adapted for the main features of LDCs and the specificities of Egyptian conditions, institutions and experience. In particular, the income variables are specified in a novel way to allow for Egypt’s seasonal phenomena, its urban-rural duality, and the implications of financiali repression characterizing LDCs. And the yield variables are tailored to reflect the country’s undeveloped financial markets, the peculiarities of its institutions, asset portfolios, and interest rate policies. The study produces a matrix of income, yield and adjustment elasticities that may prove helpful to policy-makers.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
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.
Volume (Year): 54 (2001)
Issue (Month): 3 ()
|Contact details of provider:|| Postal: |
Phone: +39 010 27041
Fax: +39 010 2704222
Web page: http://www.ge.camcom.it/IT/Tool/Modulistica
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0210. 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: (Angela Procopio)
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.