haku: @journal_id 686 / yhteensä: 70
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| Tekijä: | Girardin, E. |
| Otsikko: | Is there a long run demand for currency in China? |
| Lehti: | Economics of Planning
1996 : VOL. 29:3, p. 169-184 |
| Asiasana: | ECONOMICS PLANNING CHINA |
| Kieli: | eng |
| Tiivistelmä: | The record of Chinese monetary authorities at targeting MO in the late eighties early nineties is rather poor. This paper thus first aims at determining whether the instability of currency demand is responsible for this. By so doing the author shows using adequate econometric techniques, that a long-run demand for currency did exist over the 1988-1993 period, with quarterly data. Most previous studies concluded that the income elasticity of currency demand in China is very high. |
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