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Original Articles

Stability of the money demand function in Asian developing countries

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Pages 773-792 | Published online: 19 Aug 2006

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (28)

Abdul Hannan & Tahira Ishaq. (2023) The impact of symmetric and asymmetric exchange rate fluctuations on demand for money in Pakistan. Journal of the Asia Pacific Economy 28:1, pages 261-283.
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Mohsen Bahmani-Oskooee, Dan Xi & Sahar Bahmani. (2019) More evidence on the asymmetric effects of exchange rate changes on the demand for money: evidence from Asian. Applied Economics Letters 26:6, pages 485-495.
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Lei Wang & Taihui Zhu. (2018) The myth of China’s monetization. Applied Economics Letters 25:11, pages 772-775.
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Mohsen Bahmani-Oskooee & Majid Maki Nayeri. (2018) Policy Uncertainty and the Demand for Money in Korea: An Asymmetry Analysis. International Economic Journal 32:2, pages 219-234.
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Tara McIndoe-Calder. (2018) Hyperinflation in Zimbabwe: money demand, seigniorage and aid shocks. Applied Economics 50:15, pages 1659-1675.
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Mouyad Alsamara, Zouhair Mrabet, Michel Dombrecht & Karim Barkat. (2017) Asymmetric responses of money demand to oil price shocks in Saudi Arabia: a non-linear ARDL approach. Applied Economics 49:37, pages 3758-3769.
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Chien-Chiang Lee & An-Hsing Chang. (2013) Revisiting the demand for money function: evidence from the random coefficients approach. Quantitative Finance 13:9, pages 1491-1502.
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Saten Kumar, Mamta B. Chowdhury & B. Bhaskara Rao. (2013) Demand for money in the selected OECD countries: a time series panel data approach and structural breaks. Applied Economics 45:14, pages 1767-1776.
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Koi Nyen Wong & Tuck Cheong Tang. (2011) Exchange rate variability and the export demand for Malaysia's semiconductors: an empirical study. Applied Economics 43:6, pages 695-706.
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Sovannroeun Samreth. (2010) Currency substitution and seigniorage-maximizing inflation: the case of Cambodia. Applied Economics 42:15, pages 1907-1916.
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Wen-Jen Hsieh & Yu Hsing. (2009) Tests of currency substitution, capital mobility and nonlinearity of Hungary's money demand function. Applied Economics Letters 16:9, pages 959-964.
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B. Bhaskara Rao & Saten Kumar. (2009) Cointegration, structural breaks and the demand for money in Bangladesh. Applied Economics 41:10, pages 1277-1283.
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M. Sumner. (2009) Demand for money in Thailand. Applied Economics 41:10, pages 1269-1276.
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Wojciech Maliszewski. (2009) Modelling inflation in Georgia. Applied Economics 41:10, pages 1203-1213.
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Chien-Chiang Lee & Mei-Se Chien. (2008) Stability of money demand function revisited in China. Applied Economics 40:24, pages 3185-3197.
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Chien-Chiang Lee & Chun-Ping Chang. (2008) Long-run money demand in Taiwan revisited: evidence from a cointegrating STR approach. Applied Economics 40:8, pages 1061-1071.
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B. Bhaskara Rao. (2007) Estimating short and long-run relationships: a guide for the applied economist. Applied Economics 39:13, pages 1613-1625.
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B. Bhaskara Rao & Rup Singh. (2006) Demand for money in India: 1953–2003. Applied Economics 38:11, pages 1319-1326.
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Xiaohui Shu, Jinqi Song, Qinli Lei & Yangkuo Li. Nonlinear cointegration analysis of China’s money demand function stability. Journal of Industrial and Production Engineering 0:0, pages 1-18.
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Iffat Zehra, Muhammad Kashif & Imran Umer Chhapra. (2020) Exchange rate effect on money demand in Pakistan. International Journal of Emerging Markets 16:8, pages 1866-1891.
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Muhammad Ahad. (2017) Financial Development and Money Demand Function: Cointegration, Causality and Variance Decomposition Analysis for Pakistan. Global Business Review 18:4, pages 811-824.
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Ahdi Noomen Ajmi, Nicholas Apergis & Ghassen El Montasser. (2015) Old wine in a new bottle: money demand causality for 10 Asian countries. International Journal of Emerging Markets 10:3, pages 491-503.
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Ahmad Zubaidi Baharumshah & Siew-Voon Soon. (2013) Demand for broad money in Singapore: does wealth matter?. Journal of Economics and Finance 39:3, pages 557-573.
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Mohsen Bahmani-Oskooee & Dan Xi. (2014) Economic Uncertainty, Monetary Uncertainty, and the Demand for Money: Evidence From Asian Countries. Australian Economic Papers 53:1-2, pages 16-28.
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Ousama Ben-Salha & Zied Jaidi. (2014) Some new evidence on the determinants of money demand in developing countries – A case study of Tunisia. The Journal of Economic Asymmetries 11, pages 30-45.
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Saten Kumar, Don J. Webber & Scott Fargher. (2013) Money demand stability: A case study of Nigeria. Journal of Policy Modeling 35:6, pages 978-991.
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Chor Foon Tang. (2013) Evidence on Structural Instability in the Japanese Money Demand Function. Margin: The Journal of Applied Economic Research 7:3, pages 255-272.
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Saten Kumar & B. Bhaskara Rao. (2012) Error-correction based panel estimates of the demand for money of selected Asian countries with the extreme bounds analysis. Economic Modelling 29:4, pages 1181-1188.
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Saten Kumar. (2011) Financial reforms and money demand: Evidence from 20 developing countries. Economic Systems 35:3, pages 323-334.
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Koi Nyen Wong & Tuck Cheong Tang. (2011) Foreign direct investment and employment in manufacturing and services sectors. Journal of Economic Studies 38:3, pages 313-330.
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Arto Kovanen. (2011) Does Money Matter for Inflation in Ghana?. IMF Working Papers 11:274, pages 1.
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Arto Kovanen & Jihad Dagher. (2011) On the Stability of Money Demand in Ghana: A Bounds Testing Approach. IMF Working Papers 11:273, pages 1.
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Mansor H. Ibrahim. (2010) Money-price relation in Malaysia: has it disappeared or strengthened?. Economic Change and Restructuring 43:4, pages 303-322.
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Rup Singh & Saten Kumar. (2010) Some empirical evidence on the demand for money in the Pacific Island countries. Studies in Economics and Finance 27:3, pages 211-222.
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B. Bhaskara Rao & Saten Kumar. (2009) A panel data approach to the demand for money and the effects of financial reforms in the Asian countries. Economic Modelling 26:5, pages 1012-1017.
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Mohsen Bahmani‐Oskooee & Abera Gelan. (2009) How stable is the demand for money in African countries?. Journal of Economic Studies 36:3, pages 216-235.
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Paresh Kumar Narayan, Seema Narayan & Vinod Mishra. (2008) Estimating money demand functions for South Asian countries. Empirical Economics 36:3, pages 685-696.
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Mahdi Fadaee Khorasgani. (2008) Higher education development and economic growth in Iran. Education, Business and Society: Contemporary Middle Eastern Issues 1:3, pages 162-174.
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Tuck Cheong Tang. (2007) Money demand function for Southeast Asian countries. Journal of Economic Studies 34:6, pages 476-496.
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Paresh Kumar Narayan. (2007) Is money targeting an option for Bank Indonesia?. Journal of Asian Economics 18:5, pages 726-738.
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Yu Hsing. (2012) Tests of the Functional Form, the Wealth Effect, Currency Substitution, and Capital Mobility for Taiwan's Money Demand Function. Review of Pacific Basin Financial Markets and Policies 10:03, pages 329-339.
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Yu Hsing. (2007) Impacts of Financial Stock Prices and Exchange Rates on the Demand for Money in Poland. South East European Journal of Economics and Business 2:1.
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Mohsen Bahmani-Oskooee & Altin Tanku. (2006) Black market exchange rate, currency substitution and the demand for money in LDCs. Economic Systems 30:3, pages 249-263.
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Yu Hsing. (2006) Tests of Functional Forms, Currency Substitution, and Capital Mobility of Czech Money Demand Function. Prague Economic Papers 15:4, pages 291-299.
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Sy Hoa Ho & Jamel Saadaoui. (2019) Symmetric and Asymmetric Effects of Exchange Rates on Money Demand: Empirical Evidence From Vietnam. SSRN Electronic Journal.
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Simplice Asongu, Folarin Oludele Emmanuel & Nicholas Biekpe. (2019) The Stability of Demand for Money in the Proposed Southern African Monetary Union. SSRN Electronic Journal.
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Takaharu Ishii. (2019) How Has Monetary Policy Framework Changes Affected the Model and Effect of the Money Demand Function in Thailand?. SSRN Electronic Journal.
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Simplice Asongu, Folarin Oludele Emmanuel & Nicholas Biekpe. (2018) The Long Run Stability of Money Demand in the Proposed West African Monetary Union. SSRN Electronic Journal.
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Haicheng Jiang. (2016) The Size of Tradable Sectors and Economic Growth. SSRN Electronic Journal.
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Ngoc-Anh Lai. (2012) Stability of Money Demand in Vietnam: Application of the Bounds Testing Approach on 1999-2011. SSRN Electronic Journal.
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Tara McIndoe Calder. (2009) Hyperinflation in Zimbabwe: Money Demand, Seigniorage and Aid Shocks. SSRN Electronic Journal.
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