Demand for Money in India: 1953-2003
The demand for money, especially in the developing countries, is an important relationship for formulating appropriate monetary policy and targeting monetary variables. In this paper we estimate the demand for narrow money in India and evaluate its robustness. It is found that there is a stable demand for money for almost half a century from 1953 to 2003. There is no evidence for any significant effects of the $1991$ financial reforms.
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- Kevin D. Hoover & Stephen J. Perez, "undated".
"Data Mining Reconsidered: Encompassing And The General-To-Specific Approach To Specification Search,"
Department of Economics
97-27, California Davis - Department of Economics.
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