Micro foundations and stability of money demand function : The Case of Pakistan

Language: English

Published by LAP LAMBERT Academic Publishing, 2011

3846543756 / 9783846543757

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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.…

Seller Inventory # 9783846543757

Title
Micro foundations and stability of money demand function : The Case of Pakistan
Author
Haroon Sarwar Awan
Publisher
LAP LAMBERT Academic Publishing
Publication year
2011
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3846543756
ISBN 13
9783846543757
Item weight
203 grams
Dimensions
220x150x8 mm

AHA-BUCH GmbH

Einbeck, Germany

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