Modelling Demand for Money in Latvia (in Russian)

Boriss Siliverstovs

Quantile, 2006, issue 1, 67-79

Abstract: This study develops an error correction model for money demand in Latvia. The core of the model is a single cointegrating vector containing information about the long-run equilibrium between the real money balances, gross domestic product, and long-term interest rate. The model exhibits coefficient stability and has an ability to accurately predict the money balances during the last three years.

Keywords: money demand; new EU member states; Latvia (search for similar items in EconPapers)
JEL-codes: C32 E41 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:qnt:quantl:y:2006:i:1:p:67-79

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