haku: @indexterm MONEY SUPPLY / yhteensä: 177
viite: 2 / 177
| Tekijä: | Badarudin, Z.E. Khalid, A.M. Ariff, M. |
| Otsikko: | Money supply behaviour in emerging economies: A comparative analysis |
| Lehti: | Journal of the Asia Pacific Economy
2009 : NOV, VOL. 14:4, p. 331-350 |
| Asiasana: | emerging markets money supply models |
| Vapaa asiasana: | post-Keynesian |
| Kieli: | eng |
| Tiivistelmä: | This paper presents new evidence consistent with the post-Keynesian hypothesis of money endogeneity for unexplored 10 emerging economies. The results are based on a vector error correction model for testing for long-run and short-run causalities with data from 1996 to 2007. The money supply is suggested to be endogenous in five countries, that is, China, the Czech Republic, India, Malaysia and Turkey. It is exogenous in Mexico, whereas there is no causality found for Indonesia, Russia and Taiwan. Thailand showed endogeneity in the long-run causality. There are some suggestions made to explain the mixed results etc. |
SCIMA