SOME RECENT INTERNATIONAL EVIDENCE ON THE DEMAND FOR MONEY
Bradley T. Ewing
(Assistant Professor, Department of Economics, Texas Tech University, Lubbock, TX 79409‐1014.)
James E. Payne
(Associate Professor, College of Business, Eastern Kentucky University, Richmond, KY 40475‐3176.)
172
Abstract
This paper examined the cointegrating properties of narrow money demand. Results suggest income and interest rate are sufficient for the formulation of a long‐run stable demand for money in Australia, Austria, Finland, Italy, UK, and US. However, for Canada, Germany, and Switzerland, the nominal effective exchange rate should be incorporated.
Citation
Ewing, B.T. and Payne, J.E. (1998), "SOME RECENT INTERNATIONAL EVIDENCE ON THE DEMAND FOR MONEY", Studies in Economics and Finance, Vol. 19 No. 1/2, pp. 84-107. https://doi.org/10.1108/eb028754
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited