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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: De Gregorio, Jose
مؤلفون آخرون: Arrau, Patricio, Reinhart, Carmen, Wickham, Peter
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1991.
سلاسل:IMF Working Papers; Working Paper ; No. 1991/045
الوصول للمادة أونلاين:Full text available on IMF