Micro Foundations And Stability Of Money Demand Function: The Case Of Pakistan. Cet article n’est pas disponible.
Langue : anglais
Edité par Lap Lambert Academic Publishing, 2011
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- Neuf
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N° de réf. du vendeur 3846543756
- Titre
- Micro Foundations And Stability Of Money Demand Function: The Case Of Pakistan
- Auteur
- Awan, Haroon Sarwar; Hussain, Zakir; Awan, Haroon Sarwar; Hussain, Zakir
- Éditeur
- Lap Lambert Academic Publishing
- Année de publication
- 2011
- État de l'article
- Brand New
- Reliure
- Paperback
- Langue
- anglais
- ISBN à 10 chiffres
- 3846543756
- ISBN à 13 chiffres
- 9783846543757
- Poids de l'article
- 0,23 kilogramme
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.
« Synopsis » peut appartenir à une autre édition de cet ouvrage.
Présentation de l'éditeur
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.
« A propos de ce titre » peut appartenir à une autre édition de cet ouvrage.