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.
| Item Type: | MPRA Paper |
|---|---|
| Institution: | Kashmir Institute of Development Studies |
| Original Title: | Error Correction Model of the Demand for Money in Pakistan |
| Language: | English |
| Keywords: | Error Correction; Cointegration; Unit root; money demand; Pakistan |
| Subjects: | E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E41 - Demand for Money |
| Item ID: | 2582 |
| Depositing User: | Dr Abdul Qayyum |
| Date Deposited: | 05 Apr 2007 |
| Last Modified: | 30 Sep 2019 16:34 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/2582 |
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