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Capital inflows and the demand for money in South Asian countries

Author

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  • Siddiki, Jalal Uddin

    (Kingston University London)

  • Morrissey, Oliver

    (The University of Nottingham)

Abstract

The aim of this paper is to estimate the real demand for money in three South Asian countries - Bangladesh, India and Pakistan - allowing for the possible effect of foreign exchange inflows (which have tended to increase in recent years). As identifying the stability of estimated elasticities is an important concern, we employ cointegration analyses allowing for structural breaks.

Suggested Citation

  • Siddiki, Jalal Uddin & Morrissey, Oliver, 2006. "Capital inflows and the demand for money in South Asian countries," Economics Discussion Papers 2006-4, School of Economics, Kingston University London.
    • Handle: RePEc:ris:kngedp:2006_004
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Money Demand; South Asia; Cointegration and Structural Breaks;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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