Carte Micro foundations and stability of money demand function Haroon Sarwar Awan

Micro foundations and stability of money demand function

The Case of Pakistan

Limbă: engleză
Legare: Carte broșată
Disponibilitate: În depozitul extern
Expediem în 8-11 zile
282.85 lei
The study and estimation of demand for money function has a major role in monetary policy formulatio...

Informații despre carte

Limbă
engleză
Legare
Carte - Carte broșată
Publicat
2011
Pagini
124
EAN
9783846543757
Enbook ID
06862724
Greutate
203
Dimensiuni
150 x 220 x 7

Descriere completă

The study and estimation of demand for money function has a major role in monetary policy formulation. In the back drop of financial deregulation, global financial crisis and structural adjustments, it seems imperative to reinvestigate the money demand function for Pakistan.This study tried to formulate the Divisia aggregates for Pakistan and then used both official (Simple sum) and Divisia aggregates for estimating demand for money function for Pakistan. Moreover, the study tested both groups of money demand functions for stability. The comparison of Simple sum and Divisia based money demand estimates showed that the performance of Divisia based money demand functions was better than their Simple sum counterparts. The results of simple sum and Divisia demand functions showed that interest rate has a very limited role in explaining the demand for money, while the financial innovations were playing a significant role in explaining the money demand pattern.

S-ar putea să te intereseze

2 470.04 lei
262.08 lei

Marcie

Harrison Edward Livingstone
56.87 lei

Life's Interruptions

Innocent Lebura Eekpa
84.19 lei
103.05 lei

Melody of the Soul

Joe Colantuoni
102.85 lei

Mighty Eighth

Gerald Astor
74.92 lei

The Animal Book

David Burnie
105.17 lei

Pathfinder Flip-Mat: Enormous Dungeon

Stephen Radney-Macfarland
143.59 lei

Clienții care au cumpărat această carte au mai cumpărat și

90.04 lei