Demand for money in Sri Lanka, 1952-2002
Barry Reilly and
Michael Sumner
Applied Economics Letters, 2008, vol. 15, issue 5, 343-347
Abstract:
The key issue in the analysis of demand for money in Sri Lanka is shown to be the specification of opportunity cost. A coherent definition yields stable long-run estimates of the demand function consistent with economic theory for all measures of money.
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:15:y:2008:i:5:p:343-347
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DOI: 10.1080/13504850600705943
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