Stability of Demand for Money Function by Business Firms in India

Sherry Bawa and Gian Kaur

The IUP Journal of Monetary Economics, 2010, vol. VIII, issue 4, pages 23-45

Abstract: The present study is an attempt to test the stability of the demand for money function of business firms in India over the time period 1980-81 to 2004-05. To perform the stability test, the period of liberalization has been considered, and the study period has thus been divided into two sub-periods, viz., 1980-81 to 1990-91 and 1991-92 to 2004-05, i.e., the pre-liberalization period and the post-liberalization period respectively. The study has been conducted at aggregate level for all non-financial firms and at disaggregate level for five industrial groups. The study concludes that the overall demand for money function of the business firms in India has remained stable over time.

Date: 2010
References: Add references at CitEc
Citations Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjmo:v:08:y:2010:i:3:p:23-45

Access Statistics for this article

More articles in The IUP Journal of Monetary Economics from IUP Publications
Series data maintained by G R K Murthy ().