Abstract
This paper examined the cointegrating properties of narrow money demand. Results suggest income and interest rate are sufficient for the formulation of a long-run stable demand for money in Australia, Austria, Finland, Italy, UK, and US. However, for Canada, Germany, and Switzerland, the nominal effective exchange rate should be incorporated.
| Original language | English |
|---|---|
| Pages (from-to) | 84-107 |
| Number of pages | 24 |
| Journal | Studies in Economics and Finance |
| Volume | 19 |
| Issue number | 1-2 |
| DOIs | |
| State | Published - Jan 1 1998 |
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Cite this
Ewing, B. T., & Payne, J. E. (1998). Some Recent International Evidence on the Demand for Money. Studies in Economics and Finance, 19(1-2), 84-107. https://doi.org/10.1108/eb028754