Money Demand in China: A Meta-Study

Makram El-Shagi and Yizhuang Zheng

No 2017/3, CFDS Discussion Paper Series from Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China

Abstract: In this paper we reexamine the literature on money demand in China published both in English and Chinese language. Over the past 30 years - starting with the paper by Chow (1987) there has been a regular stream of papers assessing the Chinese money demand function. The literature is mostly focusing on income elasticity, stability, and - which is special for China - the adequate choice and quality of data. In particular regarding stability of money demand, we find a substantial publication bias towards rejecting stability. When controlling for publication bias, and focusing on longer time periods, our paper strongly suggests stable long run money demand in China.

Keywords: china; money demand; income elasticity; stability; meta analysis (search for similar items in EconPapers)
JEL-codes: C53 E37 F37 F51 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2017-12
New Economics Papers: this item is included in nep-cna, nep-mac, nep-mon, nep-pay and nep-tra
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Citations: View citations in EconPapers (1)

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http://cfds.henuecon.education/images/dpaper/WP_3_2017_Meta_Analysis_revised.pdf Second version, 2018 (application/pdf)

Related works:
Journal Article: Money Demand in China: A Meta Study (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:fds:dpaper:201703

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