The Demand for Money During High Inflation Episodes : Some Latin American Evidenceon the Cagan Model /

This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile and Peru during the 1970s and 1980s. We test whether the monetary and inflationary experiences of these countries can be adequately characterized by the Cagan (1956) model, using an...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Taylor, Mark
Kolejni autorzy: Phylaktis, Kate
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 1991.
Seria:IMF Working Papers; Working Paper ; No. 1991/048
Dostęp online:Full text available on IMF
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100 1 |a Taylor, Mark. 
245 1 4 |a The Demand for Money During High Inflation Episodes :   |b Some Latin American Evidenceon the Cagan Model /  |c Mark Taylor, Kate Phylaktis. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile and Peru during the 1970s and 1980s. We test whether the monetary and inflationary experiences of these countries can be adequately characterized by the Cagan (1956) model, using an econometric procedure which is not reliant on any particular assumption concerning expectations formation except that forecasting errors are stationary. We also examine the importance of foreign asset substitution in domestic portfolios. 
538 |a Mode of access: Internet 
700 1 |a Phylaktis, Kate. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/048 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/048/001.1991.issue-048-en.xml  |z IMF e-Library