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The Demand for Money in Developing Countries

The Demand for Money in Developing Countries »

Source: The Demand for Money in Developing Countries : Assessing the Role of Financial innovation

Volume/Issue: 1991/45

Series: IMF Working Papers

Author(s): Jose De Gregorio , Peter Wickham , Patricio Arrau , and Carmen Reinhart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1991

ISBN: 9781451974218

Keywords: money demand, equation, cointegration, inflation

Traditional specifications of money demand have been commonly plagued by persistent overprediction, implausible parameter estimates, and highly autocorrelated errors. This paper argues that some of those problems s...

Money Versus Credit in the Determination of Output for Small Open Economies

Money Versus Credit in the Determination of Output for Small Open Economies »

Source: Money Versus Credit in the Determination of Output for Small Open Economies

Volume/Issue: 1989/78

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 1989

ISBN: 9781451956030

Keywords: monetary policy, money supply, aggregate demand, real output, price level

It is well known that in a small open economy where there is perfect substitutability between domestic and foreign assets and costless portfolio adjustment, the monetary authorities cannot control the money supply,...

The Demand for Money in Developing Countries
			: Assessing the Role of Financial innovation

The Demand for Money in Developing Countries : Assessing the Role of Financial innovation »

Volume/Issue: 1991/45

Series: IMF Working Papers

Author(s): Jose De Gregorio , Peter Wickham , Patricio Arrau , and Carmen Reinhart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1991

DOI: http://dx.doi.org/10.5089/9781451974218.001

ISBN: 9781451974218

Keywords: money demand, equation, cointegration, inflation

Traditional specifications of money demand have been commonly plagued by persistent overprediction, implausible parameter estimates, and highly autocorrelated errors. This paper argues that some of those problems s...

Money Versus Credit in the Determination of Output for Small Open Economies

Money Versus Credit in the Determination of Output for Small Open Economies »

Volume/Issue: 1989/78

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 1989

DOI: http://dx.doi.org/10.5089/9781451956030.001

ISBN: 9781451956030

Keywords: monetary policy, money supply, aggregate demand, real output, price level

It is well known that in a small open economy where there is perfect substitutability between domestic and foreign assets and costless portfolio adjustment, the monetary authorities cannot control the money supply,...