Add to ORKGThis paper examines the demand for broad money in Japan from 1975 to 1994. In spite of the large shocks resulting from financial liberalization and the subsequent "boom and bust" of the "bubble" economy, the paper confirms that a stage money demand function can still be set up by taking proper account of financial liberalization and the wealth effect, and by adopting an adequate econometric strategy. In addition, a super exogeneity test is conducted, and its implication is considered in the context of the monetary transmission mechanism.
Literature in economics has identified many channels through which the financial liberalization may ...
This paper derives a money demand function that explicitly takes the costs of storing money into acc...
Abstract. This paper explores empirically the overnight call rate (inter-bank rates) below which ext...
This paper examines the demand for broad money in Japan from 1975 to 1994. In spite of the large sho...
We wonder if Global Financial Crisis of 2008 affected stability of the demand for money in Japan. In...
This paper estimates a money demand function using Japanese data from 1985 to 2017, which includes t...
This paper explores the shape of the Japanese money demand function in relation to the historical pa...
In both theoretical and empirical fields of economics, demand for money has been received much atten...
Currently, the Japanese financial market is facing drastic changes, which are characterized by the i...
Based on a standard model of money demand, this paper first shows that a relationship between money ...
In our previous paper, we presented some empirical analysis on the Japanese demand and supply functi...
Demand for money is considered as an important function of stabilization and structural adjustment p...
We investigate the relationship between money, short-term interest rates, and scale variables. We us...
In an attempt to establish stability of the demand for money, some recent studies have included the ...
The main purpose of this study is to re-investigate the stability of Japanese M2 money demand functi...
Literature in economics has identified many channels through which the financial liberalization may ...
This paper derives a money demand function that explicitly takes the costs of storing money into acc...
Abstract. This paper explores empirically the overnight call rate (inter-bank rates) below which ext...
This paper examines the demand for broad money in Japan from 1975 to 1994. In spite of the large sho...
We wonder if Global Financial Crisis of 2008 affected stability of the demand for money in Japan. In...
This paper estimates a money demand function using Japanese data from 1985 to 2017, which includes t...
This paper explores the shape of the Japanese money demand function in relation to the historical pa...
In both theoretical and empirical fields of economics, demand for money has been received much atten...
Currently, the Japanese financial market is facing drastic changes, which are characterized by the i...
Based on a standard model of money demand, this paper first shows that a relationship between money ...
In our previous paper, we presented some empirical analysis on the Japanese demand and supply functi...
Demand for money is considered as an important function of stabilization and structural adjustment p...
We investigate the relationship between money, short-term interest rates, and scale variables. We us...
In an attempt to establish stability of the demand for money, some recent studies have included the ...
The main purpose of this study is to re-investigate the stability of Japanese M2 money demand functi...
Literature in economics has identified many channels through which the financial liberalization may ...
This paper derives a money demand function that explicitly takes the costs of storing money into acc...
Abstract. This paper explores empirically the overnight call rate (inter-bank rates) below which ext...