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Title: |
An Econometric Investigation of Money Demand
Behavior in Four Asian Developing Countries |
| Author: |
Arize,
Augustine |
| Author
Affiliation: |
E Texas State |
| Source: |
International Economic Journal, Winter 1989, v. 3, no. 4, pp. 79-93 |
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Publication Date: |
Winter 1989 |
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Abstract: |
This paper examines the demand for money
in four Asian economies: Pakistan, the Philippines, South Korea, and
Thailand. Focus is given to the open-economy nature of the money demand
model, and the empirical results indicate that some measure of foreign
interest rates or exchange rate depreciation and technological change
plays a significant role in the Asian money demand functions. |
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