Cointegration, structural breaks and the demand for money in Bangladesh
This article allows for endogenous structural breaks in the cointegration equation and investigates if there is a stable demand for money for Bangladesh. We have used the Gregory and Hansen framework and found that there was an intercept shift and a well-determined and stable demand for money in Bangladesh exists.
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Volume (Year): 41 (2009)
Issue (Month): 10 ()
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References listed on IDEAS
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