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...
| Auteur principal: | |
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| Autres auteurs: | , , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1991.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1991/045 |
| Accès en ligne: | Full text available on IMF |