Qayyum, Abdul (2005): Modelling the Demand for Money in Pakistan. Published in: The Pakistan Development Review , Vol. 3, No. 44 (2005): pp. 233252.

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Abstract
The study estimates the dynamic demand for money (M2) function in Pakistan by employing cointegration analysis and error correction mechanism. The parameters of preferred model are found to be superexogenous for the relevant class of interventions. It is found that the rate of inflation is an important determinant of money demand in Pakistan. The analysis reveals that the rates of interest, market rate, and bond yield are important for the longrun money demand behaviour. Since the preferred model is superexogenous, it can be used for policy analysis in Pakistan.
Item Type:  MPRA Paper 

Institution:  Pakistan Institute of Development Economics 
Original Title:  Modelling the Demand for Money in Pakistan 
Language:  English 
Keywords:  Money Demand; super exogenous; error correction; cointegration; Pakistan 
Subjects:  E  Macroeconomics and Monetary Economics > E4  Money and Interest Rates > E41  Demand for Money 
Item ID:  2057 
Depositing User:  Abdul Qayyum 
Date Deposited:  07. Mar 2007 
Last Modified:  17. Dec 2013 13:30 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/2057 