This paper strives to enlarge the traditional form of money demand for closed economy with some additional foreign or international determinants. These are, according to presented theory of currency substitution, nominal exchange rate CZK/DEM (or CZK/USD) and yield of foreign assets (3M LIBOR on DEM-assets and Treasury Bill yield) expressed in Czech Crowns. Such specified money demand was estimated using three cointegration methods namely JOH(1), JOH(2) and DOLS to attain sufficient robustness of estimated money demand function
This paper examines the long-run determinants of the demand for money in ten transition countries us...
Cílem práce je odhadnout a vyšetřit dlouhodobý vztah mezi peněžní zásobou M1, cenovou hladinou, výst...
This paper draws on an earlier version and was prepared while the author was at the Bank of Portugal...
In this paper we strive to present a somewhat internationalised view of demand for money as applied ...
We analyse the demand for money since the “break up” of the Czech-Slovak Republics at the beginning ...
This paper examines the theoretical concept of equilibrium in the money market that is empirically v...
The goal of this thesis is to examine relationship between money demand, interest rates and real GDP...
Currency substitution appears to be an important issue affecting the design of monetary policy, espe...
The paper discusses the main determinants of money-in-circulation demand in the Czech economy from 1...
This paper tests the stability of the demand for money in the euro-area in the context of an open ec...
A simple AIDS model transformed by the help of Shephard's lemma from a classical optimisation proble...
The main purpose of this dissertation is to investigate and estimate long-run relationships for narr...
The empirical analysis of money demand seems to be of crucial importance for checking the existence ...
The paper assesses the stability and predictive performance of a European money demand function as c...
Currency substitution appears to be an important issue affecting the design of monetary policy, espe...
This paper examines the long-run determinants of the demand for money in ten transition countries us...
Cílem práce je odhadnout a vyšetřit dlouhodobý vztah mezi peněžní zásobou M1, cenovou hladinou, výst...
This paper draws on an earlier version and was prepared while the author was at the Bank of Portugal...
In this paper we strive to present a somewhat internationalised view of demand for money as applied ...
We analyse the demand for money since the “break up” of the Czech-Slovak Republics at the beginning ...
This paper examines the theoretical concept of equilibrium in the money market that is empirically v...
The goal of this thesis is to examine relationship between money demand, interest rates and real GDP...
Currency substitution appears to be an important issue affecting the design of monetary policy, espe...
The paper discusses the main determinants of money-in-circulation demand in the Czech economy from 1...
This paper tests the stability of the demand for money in the euro-area in the context of an open ec...
A simple AIDS model transformed by the help of Shephard's lemma from a classical optimisation proble...
The main purpose of this dissertation is to investigate and estimate long-run relationships for narr...
The empirical analysis of money demand seems to be of crucial importance for checking the existence ...
The paper assesses the stability and predictive performance of a European money demand function as c...
Currency substitution appears to be an important issue affecting the design of monetary policy, espe...
This paper examines the long-run determinants of the demand for money in ten transition countries us...
Cílem práce je odhadnout a vyšetřit dlouhodobý vztah mezi peněžní zásobou M1, cenovou hladinou, výst...
This paper draws on an earlier version and was prepared while the author was at the Bank of Portugal...