Rao, B. Bhaskara and Kumar, Saten (2007): Cointegration, structural breaks and the demand for money in Bangladesh.
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This paper allows for endogenous structural breaks in the cointegration equation and investigates if there is a stable demand for money for Bangladesh. We have used the Gregory and Hansen framework and found that there was an intercept shift and a well- determined and stable demand for money in Bangladesh exists.
|Item Type:||MPRA Paper|
|Institution:||University of the South Pacific|
|Original Title:||Cointegration, structural breaks and the demand for money in Bangladesh|
|Keywords:||Endogenous structural breaks; Gregory and Hansen method; Demand for money; Bangladesh|
|Subjects:||E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates
|Depositing User:||B. Bhaskara Rao|
|Date Deposited:||20. Jan 2007|
|Last Modified:||11. Feb 2013 18:07|