The Demand for Money in Developing Countries : Assessing the Role of Financial innovation /

Traditional specifications of money demand have been commonly plagued by persistent overprediction, implausible parameter estimates, and highly autocorrelated errors. This paper argues that some of those problems stem from the failure to account for the impact of financial innovation. We estimate mo...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: De Gregorio, Jose
अन्य लेखक: Arrau, Patricio, Reinhart, Carmen, Wickham, Peter
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 1991.
श्रृंखला:IMF Working Papers; Working Paper ; No. 1991/045
ऑनलाइन पहुंच:Full text available on IMF