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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: De Gregorio, Jose
Rannpháirtithe: Arrau, Patricio, Reinhart, Carmen, Wickham, Peter
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 1991.
Sraith:IMF Working Papers; Working Paper ; No. 1991/045
Rochtain ar líne:Full text available on IMF