Stability of money demand function revisited in china

2020-03-30 01:42

The case where the perceived price level is Money Demand in China Revisited: Some New Empirical Evidence 139 identical to the announced price level of course implies POStability of money demand function revisited in China, Applied Economics, 40, . ManciniGriffoli, T. and Pauwels, L. L. (2006). Is There a Euro Effect on Trade? stability of money demand function revisited in china

The Stability of Money Demand in China 100 The structure of this paper is as follows: Section II introduces the money demand function and data sources.

Stability of money demand function revisited in china free

While previous literature on the longrun relationship of money demand in China shows the existence of stable money demand, this article revisits the stability of the China money demand function over the period after 1979.

While previous literature on the longrun relationship of money demand in China shows the existence of stable money demand, this article revisits the stability of the China money demand function over the period after 1979.

that both currency in circulation and broad money may provide a reliable money demand function, but Hafer and Kutan (1994) suggest that broad money (M2) is more preferred. Chen (1997) studies the stability of longrun money demand functions for three definitions of money in China and calculates the income elasticity of real money demand.

While previous literature on the longrun relationship of money demand in China shows the existence of stable money demand, this article revisits the stability of the China money demand function over the period after 1979.

As China's economic reforms have undergone significant structural changes after 1979, it has been rather difficult to formulate a stable money demand function over the period following that year.

Stability of Money Demand Function Revisited in China, Applied Economics, 40: . Leventakis, J. A. (1993). Modelling Money Demand in Open Economies Over the Modern Floating Rate Period, Applied Economics, 25(August): 1005 1012.

China shows the existence of stable money demand. This paper revisits the stability of the China money demand function over the period after 1979. To employ the unit root tests and the cointegration tests with structural break, the empirical evidence demonstrates that economic and financial deregulation did affect the stability of demand for money in China over the period.

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stability of the China money demand function over the period after 1979. To employ the unit root tests and the cointegration tests with structural break, the empirical evidence demonstrates that economic and financial deregulation did affect the stability of demand for money in China over the period 1977 to 2002.

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