Capital inflows and the demand for money in South Asian countries

Jalal Siddiki and Oliver Morrissey

No 2006-4, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: The aim of this paper is to estimate the real demand for money in three South Asian countries - Bangladesh, India and Pakistan - allowing for the possible effect of foreign exchange inflows (which have tended to increase in recent years). As identifying the stability of estimated elasticities is an important concern, we employ cointegration analyses allowing for structural breaks.

Keywords: Money Demand; South Asia; Cointegration and Structural Breaks (search for similar items in EconPapers)
JEL-codes: E41 O11 O23 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2006-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kngedp:2006_004

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