Munich Personal RePEc Archive

Error Correction Model of the Demand for Money in Pakistan

Qayyum, Abdul (1998): Error Correction Model of the Demand for Money in Pakistan. Published in: he Kashmir Eonomic Review , Vol. 6, No. 1-2 (1998): pp. 53-65.

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Abstract

The paper estimated dynamic demand for money (Currency) function for Pakistan. it is concluded that in the long run money demand depends on income, rate of inflation and bond rate. The rate of Inflation and rate of interst on deposits emerged as important determinant of money demand in the short run. Moreover dynamic model remans stable througtout the study period.

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