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Tekijä: | Martinez Peria, M. S. |
Otsikko: | The impact of banking crises on money demand and price stability |
Lehti: | IMF Staff papers
2002 : VOL. 49:3, p. 267-312 |
Asiasana: | Monetary economics Bankruptcy Prices Economic stability |
Kieli: | eng |
Tiivistelmä: | The author investigates the monetary impact of banking crises in Chile, Columbia, Denmark, Japan, Kenya, Malaysia, and Uruguay in the years 1975-98. Cointegration analysis and error correction modeling are used to research two issues: (1) whether money demand stability is threatened by banking crises; and (2) whether crises lead to structural breaks in the relation between monetary indicators and prices. |
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