Asymmetric effects of exchange rate changes on the demand for money in China

References

• Apergis, N., and S. Miller. 2006. “Consumption Asymmetry and the Stock Market: Empirical Evidence.” Economics Letters 93: 337–342. doi:10.1016/j.econlet.2006.06.002.
   Web of Science ®Google Scholar
• Arango, S., and M. Ishag Nadiri. 1981. “Demand for Money in Open Economies.” Journal of Monetary Economics 7: 69–83. doi:10.1016/0304-3932(81)90052-0.
   Web of Science ®Google Scholar
• Baharumshah, A. Z., S. H. Mohd, and A. M. M. Masih. 2009. “The Stability of Money Demand in China: Evidence from the ARDL Model.” Economic Systems 33: 231–244. doi:10.1016/j.ecosys.2009.06.001.
   Google Scholar
• Bahmani-Oskooee, M. 1996. “The Black Market Exchange Rate and Demand for Money in Iran.” Journal of Macroeconomics 18: 171–176. doi:10.1016/S0164-0704(96)80010-3.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and S. Bahmani. 2015. “Nonlinear ARDL Approach and the Demand for Money in Iran.” Economics Bulletin 35: 381–391.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and H. Fariditavana. 2015. “Nonlinear ARDL Approach, Asymmetric Effects and the J-Curve.” Journal of Economic Studies 42: 519–530. doi:10.1108/JES-03-2015-0042.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and A. Gelan. 2009. “How Stable Is the Demand for Money in African Countries?” Journal of Economic Studies 36: 216–235. doi:10.1108/01443580910983825.
   Google Scholar
• Bahmani-Oskooee, M., and M. Malixi. 1991. “Exchange Rate Sensitivity of the Demand for Money in LDCs.” Applied Economics 23: 1377–1384. doi:10.1080/00036849100000060.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and Y. Wang. 2007. “How Stable is the Demand for Money in China?” Journal of Economic Development 32 (1): 21–33.
   Google Scholar
• Bahmani-Oskooee, M., D. Xi, and Y. Wang. 2012. “Economic Uncertainty, Monetary Uncertainty and the Demand for Money in China.” The Chinese Economy 45: 26–37. doi:10.2753/CES1097-1475450602.
   Google Scholar
• Bahmani-Oskooee, M., and M. Pourheydarian. 1990. “Exchange Rate Sensitivity of the Demand for Money and Effectiveness of Fiscal and Monetary Policies.” Applied Economics 22: 1377–1384. doi:10.1080/00036849000000029.
   Web of Science ®Google Scholar
• Banerjee, A., J. Dolado, and R. Mestre. 1998. “Error-Correction Mechanism Tests in a Single Empirical Evidence.” Journal of Asian Economics 2 (1): 137–144.
   Google Scholar
• Chen, B. 1997. “Long-Run Money Demand and Inflation in China.” Journal of Macroeconomics 19: 609–617. doi:10.1016/S0164-0704(97)00032-3.
   Web of Science ®Google Scholar
• Civcir, I. 2003. “Money Demand, Financial Liberalization and Currency Substitution in Turkey.” Journal of Economic Studies 30: 514–534. doi:10.1108/01443580310492817.
   Google Scholar
• De Vita, G., and K. S. Kyaw. 2008. “Determinants of Capital Flows to Developing Countries: A Structural VAR Analysis.” Journal of Economic Studies 35: 304–322. doi:10.1108/01443580810895608.
   Google Scholar
• Delatte, A.-L., and A. Lopez-Villavicencio. 2012. “Asymmetry Exchange Rate Pass-Through: Evidence from Major Countries.” Journal of Macroeconomics 34: 833–844. doi:10.1016/j.jmacro.2012.03.003.
   Web of Science ®Google Scholar
• Domowitz, I., and I. Elbadawi. 1987. “An Error-Correction Approach to Money Demand: The Case of Sudan.” Journal of Development Economics 26: 257–275. doi:10.1016/0304-3878(87)90029-0.
   Web of Science ®Google Scholar
• Hafer, R. W., and A. M. Kutan. 1993. “Further Evidence on Money, Output, and Prices in China.” Journal of Comparative Economics 17: 701–709. doi:10.1006/jcec.1993.1050.
   Web of Science ®Google Scholar
• Hafer, R. W., and A. M. Kutan. 1994. “Economic Reform and Long Run Money Demand in China: Implications for Monetary Policy.” Southern Economic Journal 60 (4): 936–945. doi:10.2307/1060431.
   Web of Science ®Google Scholar
• Hajilee, M., and O. M. Al-Nasser. 2014. “Exchange Rate Volatility and Stock Market Development in Emerging Economies.” Journal of Post Keynesian Economics 37: 163–180. doi:10.2753/PKE0160-3477370110.
   Web of Science ®Google Scholar
• Harb, N. 2004. “Money Demand Function: A Heterogeneous Panel Application.” Applied Economics Letters 11: 551–555. doi:10.1080/1350485042000225739.
   Web of Science ®Google Scholar
• Huang, G. 1994. “Money Demand in China in the Reform Period: An Error Correction Model.” Applied Economics 29: 713–719. doi:10.1080/00036849400000042.
   Web of Science ®Google Scholar
• Karfakis, C. I. 1991. “Monetary Policy and the Velocity of Money in Greece: A Cointegration Approach.” Applied Financial Economics 1: 123–127. doi:10.1080/758518037.
   Google Scholar
• Laidler, E. W. D. 1993. The Demand for Money: Theories, Evidence and Problems. 4th ed. New York: Harper Collins College Publishers.
   Google Scholar
• Lee, C., and M. Chien. 2008. “Stability of Money Demand Function Revisited in China.” Applied Economics 40: 3185–3197. doi:10.1080/00036840600994153.
   Web of Science ®Google Scholar
• Ma, G. 1993. “Macroeconomic Disequilibrium, Structural Changes, and the Household Savings and Money Demand in China.” Journal of Development Economics 41 (1): 115–136. doi:10.1016/0304-3878(93)90039-P.
   Web of Science ®Google Scholar
• Marquez, J. 1987. “Money Demand in Open Economies: A Currency Substitution Model for Venezuela.” Journal of International Money and Finance 6: 167–178. doi:10.1016/0261-5606(87)90031-3.
   Web of Science ®Google Scholar
• McNown, R., and M. S. Wallace. 1992. “Cointegration Tests of a Long-Run Relationship between Money Demand and the Effective Exchange Rate.” Journal of International Money and Finance 11: 107–114. doi:10.1016/0261-5606(92)90024-R.
   Web of Science ®Google Scholar
• Pesaran, M. H., Y. Shin, and R. J. Smith. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships.” Journal of Applied Econometrics 16: 289–326. doi:10.1002/(ISSN)1099-1255.
   Web of Science ®Google Scholar
• Qin, D. 1994. “Money Demand in China: The Effect of Economic Reform.” Journal of Asian Economics 5: 253–271.
   Google Scholar
• Shin, Y., B. C. Yu, and M. Greenwood-Nimmo. 2014. “Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework.” In Festschrift in Honor of Peter Schmidt: Econometric Methods and Applications, edited by R. Sickels and W. Horrace, 281–314. New York: Springer.
   Google Scholar
• Verheyen, F. 2013. “Interest Rate Pass-Through in the EMU-New Evidence Using Nonlinear ARDL Framework.” Economics Bulletin 33 (1): 729–739.
   Google Scholar
• Xu, Y. 1998. “Money Demand in China: A Disaggregate Approach.” Journal of Comparative Economics 26: 544–564. doi:10.1006/jcec.1998.1530.
   Web of Science ®Google Scholar
• Yi, G. 1993. “Towards Estimating the Demand for Money in China.” Economics of Planning 26 (3): 243–270. doi:10.1007/BF01265669.
   Google Scholar