Skip to main content

The demand for currency in the presence indexed money: the case of Brazil

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. (Contact us about this Publication)
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: Faculties > Social Sciences > School of Economics
Depositing User: O.O. Odanye
Date Deposited: 18 May 2009 23:23 UTC
Last Modified: 28 May 2019 13:53 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/16088 (The current URI for this page, for reference purposes)
  • Depositors only (login required):