The Effect of Financial Innovations in Bank Sector on Money Demand in Iran (in Persian)

Jahangir Biabani, Asghar Abolhasani, Nader Mehregan and Darush Hasanvand
Additional contact information
Jahangir Biabani: Iran
Asghar Abolhasani: Iran
Nader Mehregan: Iran
Darush Hasanvand: Iran

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2014, vol. 6, issue 18, 131-155

Abstract: In this study, the Relation of money innovations and money demand in Iran in the form of time series between 1959 and 2010 by ARDL method has been tested. Financial Innovations is a broad concept in Money Substitution whose main part is formed in bank section. Here, focusing on bank part (section), the effect of financial innovations on money demand is examined. Results show that in a given period in spite of Financial Innovations money demand is stable. Here are long run relations and consequently short – run dynamic adjustment toward equilibrium between money demand and inflation rate variable, GDP and Financial Innovations. Financial Innovations has negative effect on money demand in short and long run as a focused variable of the current study. The speed of model adjustment toward long–run one in both models is low. Also short-run elasticity of Financial Innovations is more than long run one.

JEL-codes: E41 E44 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jmbr.mbri.ac.ir/article-1-183-en.pdf (application/pdf)
http://jmbr.mbri.ac.ir/article-1-183-en.html (text/html)
http://jmbr.mbri.ac.ir/article-1-183-fa.html (text/html)

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: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:6:y:2014:i:18:p:131-155

Access Statistics for this article

More articles in Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی) from Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran Contact information at EDIRC.
Bibliographic data for series maintained by M. E. ().