Munich Personal RePEc Archive

Cointegration, structural breaks and the demand for money in Bangladesh

Rao, B. Bhaskara and Kumar, Saten (2007): Cointegration, structural breaks and the demand for money in Bangladesh.

[img]
Preview
PDF
MPRA_paper_1546.pdf

Download (54Kb) | Preview

Abstract

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.