Faria, Joao Ricardo (2000) The demand for currency in the presence indexed money: the case of Brazil. Applied Economics Letters, 7 (1). pp. 41-43. ISSN 1350-4851. (doi:10.1080/135048500352077) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:16088)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
| Official URL: http://dx.doi.org/10.1080/135048500352077 |
Abstract
The presence of indexed money modifies the demand for currency equation. An optimal demand for currency is derived from a transaction cost model, which includes indexed money. This money demand considers inflation an argument along with output and nominal interest rate. The estimation for the Brazilian case shows that inflation and nominal interest rates are found negatively and output positively related to the demand for narrow money. The parameter stability tests show that the disequilibrium error should not reflect the impact of inflation.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.1080/135048500352077 |
| Subjects: | H Social Sciences |
| Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
| Depositing User: | O.O. Odanye |
| Date Deposited: | 18 May 2009 23:23 UTC |
| Last Modified: | 05 Nov 2024 09:50 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/16088 (The current URI for this page, for reference purposes) |
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