Money Demand Features in CEE Countries

Money demand in Euroland

This paper explores the determinants of alternative monetary aggregates in Euroland. A sample consisting of quarterly data covering the 1980:1–1998:4 period is considered. We are interested whether a conventionally defined money demand equation is stable in some aggregates as opposed to others. Both long-run and short-run relationships are considered in this paper. Overall, the results indicate...

Estimation Of The Demand For Money In Iran

Corruption, Networking and Foreign Ownership: Recent Evidence from CEE Countries

Corruption, Networking and Foreign Ownership: Recent Evidence from CEE Countries The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher host corruption will be associated with higher foreign ownership. However, cos...

Payment Cards and Money Demand in Belgium

The Demand for Money in China*

This paper discusses the money demand function in China. We use Cointegration technique and Error Correction Model to estimate the long-run and short -run money demand function. We find that M2 aggregate appears to be cointegrated with price level and income. We also specified a satisfying error correction model for M2.