References
- Arango , S. and Nadiri , M. 1981 . Demand for money in open economies . Journal of Monetary Economics , 7 : 69 – 83 .
- Argy , V. and Kouri , P. 1974 . “ Sterilization policies and the volatility in international reserves ” . In National Monetary Policies and the International Financial System , Edited by: Aliber , R. Z. 209 – 230 . Chicago : University of Chicago Press .
- Bahmani-Oskooee , M. 1995 . Real effective exchange rates and the purchasing power parity: experiences of 19 industrial countries . Economic Notes , 24 : 239 – 250 .
- Bahmani-Oskooee , M. and Rhree , H. J. 1994 . Long-run elasticities of the demand for money in Korea: evidence from cointegration analysis . International Economic Journal , 8 ( 2 ) : 83 – 93 .
- Booth , G. and Chowdhury , M. 1992 . Canadian foreign exchange policies: intervention, control, cointegration . Weltwirtschafliches Arch. , 128 ( 1 ) : 21 – 33 .
- Connolly , M. and Taylor , D. 1989 . “ Adjustment to interest rate shocks in Latin America and the Caribbean ” . In Latin American Debt and Adjustment: External Shocks and Macroeconomic Policies , Edited by: Brock , P. , Connolly , M. and Gonzalez-Vega , C. 80 – 95 . New York : Praeger .
- Fuller , W. 1976 . Introduction to Statistical Time Series , New York : John Wiley and Sons .
- Hall , A. 1994 . testing for a unit root in time series with pretest data-based model selection . Journal of Business and Economic Statistics , 12 ( 4 ) : 461 – 470 .
- Johansen , S. 1992 . Determination of cointegration rank in the presence of a linear trend . Oxford Bulletin of Economics and Statistics , 54 ( 3 ) : 383 – 397 .
- Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration - with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
- Kouri , P. and Porter , M. 1974 . International capital flows and portfolio equilibrium . Journal of Political Economy , 82 : 443 – 467 .
- McNown , R. and Wallace , M. 1992 . Cointegration tests of a long-run relation between money demand and the effective exchange rate . Journal of International Money and Finance , 11 : 107 – 114 .
- Osterwald-Lenum , M. 1992 . A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics . Oxford Bulletin of Economics and Statistics , 54 ( 3 ) : 461 – 471 .
- Pasula , K. 1994 . Sterilization, Ricardian equivalence and structural and reduced-form estimates of the offset coefficient . Journal of Macroeconomics , 16 ( 4 ) : 683 – 699 .
- Tower , E. 1975 . Money demand and the terms of trade . Weltwirtschaftliches Archiv , 111 ( 4 ) : 623 – 633 .
- Ujiie , J. 1978 . “ A stock adjustment approach to monetary policy and the balance of payments ” . In The Economics of Exchange Rates: Selected Studies , Edited by: Frenkel , J. and Johnson , H. 179 – 192 . Addison-Wesley Longman .