Cointegration, structural breaks and the demand for money in Bangladesh

B. Rao and Saten Kumar

MPRA Paper from University Library of Munich, Germany

Abstract: This paper allows for endogenous structural breaks in the cointegration equation and investigates if there is a stable demand for money for Bangladesh. We have used the Gregory and Hansen framework and found that there was an intercept shift and a well- determined and stable demand for money in Bangladesh exists.

Keywords: Endogenous structural breaks; Gregory and Hansen method; Demand for money; Bangladesh (search for similar items in EconPapers)
JEL-codes: E4 E40 (search for similar items in EconPapers)
Date: 2007-01-16
New Economics Papers: this item is included in nep-cwa, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:1546

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