The financial structure and the demand for money in Thailand

References

• Arango , S. and Nadiri , I. M. 1981 . Demand for money in an open economy . Journal of Monetary Economics , 7 : 69 – 83 .
   Web of Science ®Google Scholar
• Arize , A. , Spalding , J. and Umezulike , B. 1991 . Impact of foreign monetary developments on demand for money: regression estimates and forecast results . Journal of Economic Studies , 18 : 39 – 48 .
   Web of Science ®Google Scholar
• Bahmani-Oskooee , M. and Pourheydarian , M. 1990 . Exchange rate sensitivity of demand for money and effectiveness of fiscal and monetary policies . Applied Economics , 22 : 917 – 925 .
   Web of Science ®Google Scholar
• Blejer , M. , Burton , D. , Dunaway , S. and Szapary , G. 1991 . China: economic reform and macroeconomic management , International Monetary Fund Occasional Paper No. 76 Washington , DC
   Google Scholar
• Boughton , J. 1990 . Long-run money demand in large industrial countries , International Monetary Fund Working Paper Series WP/90/53
   Google Scholar
• Cuddington , J. 1983 . Currency substitution, capital mobility and money demand . Journal of International Money and Finance , 2 : 111 – 133 .
   Web of Science ®Google Scholar
• DeJong , D. , Nankervis , J. , Savin , N. and Whiteman , C. 1989 . Integration vs trend stationarity in macroeconomic time series , Working Paper 89-99 Iowa City , IA : Department of Economics, University of Iowa .
   Google Scholar
• Diebold , F. and Rudebusch , G. 1991 . On the power of Dickey-Fuller tests against fractional alternatives . Economics Letters , 25 : 155 – 160 .
   Web of Science ®Google Scholar
• Engle , R. F. and Granger , C. W. J. 1987 . Cointegration and error correction: representation, estimation, and testing . Econometrica , 55 : 251 – 276 .
   Web of Science ®Google Scholar
• Feraandez , R. 1981 . A methodological note on the estimation of time series . Review of Economics and Statistics , 63 : 471 – 476 .
   Web of Science ®Google Scholar
• Fuller , W. A. 1976 . Introduction to Statistical Time Series , New York : John Wiley .
   Google Scholar
• Goldfeld , S. 1976 . The case of the missing money . Brookings Papers on Economic Activity , 3 : 683 – 730 .
   Google Scholar
• Granger , C. W. J. and Newbold , P. 1974 . Spurious regressions in econometrics . Journal of Econometrics , 2 : 111 – 120 .
   Google Scholar
• Hafer , R. and Jansen , D. 1992 . The demand for money in the United States: evidence from cointegrating tests . Journal of Money, Credit, and Banking , 23 : 155 – 168 .
   Web of Science ®Google Scholar
• Hafer , R. and Kutan , A. 1994 . Economic reforms and long-run money demand in China: implications for monetary policy . Southern Economic Journal , 60 : 936 – 945 .
   Web of Science ®Google Scholar
• Johansen , S. 1988 . Statistical analysis of cointegrated vectors . Journal of Economic Dynamics and Control , 12 : 231 – 254 .
   Web of Science ®Google Scholar
• Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration - with application to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
   Web of Science ®Google Scholar
• Kormendi , R. and Meguire , P. 1990 . A multicountry characterization of the nonstationarity of aggregate output . Journal of Money, Credit and Banking , 22 : 77 – 93 .
   Web of Science ®Google Scholar
• Kwiatkowski , D. , Phillips , P. , Schmidt , P. and Shin , Y. 1992 . Testing the null hypothesis of stationarity against the alternative of a unit root . Journal of Econometrics , 54 : 159 – 178 .
   Web of Science ®Google Scholar
• Leventakis , J. A. 1993 . Modelling money demand in open economies over the modern floating rate period . Applied Economics , 25 : 1005 – 1012 .
   Web of Science ®Google Scholar
• Litterman , R. 1983 . A random walk, Markov model for the distribution of time series . Journal of Business and Economic Statistics , 1 : 169 – 173 .
   Google Scholar
• McKenzie , C. R. 1992 . Money demand in an open economy . Journal of the Japanese and International Economies , 6 : 176 – 198 .
   Web of Science ®Google Scholar
• McKinnon , R. 1982 . Currency substitution and instability in the world dollar standard . American Economic Review , 72 : 320 – 333 .
   Web of Science ®Google Scholar
• Mehra , Y. 1991 . An error-correction model of US M2 demand, Economic Review . Federal Reserve Bank of Richmond , 77 : 3 – 12 .
   Google Scholar
• Nidhiprabha , B. 1993 . Monetary policy, in The Thai Economy in Transition , 172 – 198 . Cambridge : Cambridge University Press .
   Google Scholar
• Organization for Economic Cooperation and Development . 1993 . Emerging Bond Markets in the Dynamic Asian Economies , Paris : OECD .
   Google Scholar
• Robinson , D. , Byeon , Y. and Teja , R. 1991 . Thailand: adjusting to success , International Monetary Fund Occasional Paper No. 85 Washington , DC
   Google Scholar
• Warner , D. and Kreinin , M. 1983 . Determinants of International trade flows . Review of Economics and Statistics , 65 : 96 – 104 .
   Web of Science ®Google Scholar