메뉴 건너뛰기




Volumn 33, Issue 3, 2009, Pages 231-244

The stability of money demand in China: Evidence from the ARDL model

Author keywords

ARDL; Money demand; Stability; Stock price

Indexed keywords


EID: 67849109788     PISSN: 09393625     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ecosys.2009.06.001     Document Type: Article
Times cited : (69)

References (34)
  • 2
    • 33646000251 scopus 로고    scopus 로고
    • Stability of money demand in Nigeria: an autoregressive distributes lag approach
    • Akinlo E.A. Stability of money demand in Nigeria: an autoregressive distributes lag approach. J. Pol. Model. 28 (2006) 445-452
    • (2006) J. Pol. Model. , vol.28 , pp. 445-452
    • Akinlo, E.A.1
  • 3
    • 67849105254 scopus 로고    scopus 로고
    • Stability of the Nigerian M2 money demand function in the SAP period
    • Anoruo E. Stability of the Nigerian M2 money demand function in the SAP period. Econ. Bull. 14 3 (2002) 1-9
    • (2002) Econ. Bull. , vol.14 , Issue.3 , pp. 1-9
    • Anoruo, E.1
  • 4
    • 0028259214 scopus 로고
    • A re-examination of the demand for money in small developing economies
    • Arize A.C. A re-examination of the demand for money in small developing economies. Appl. Econ. 26 (1994) 217-228
    • (1994) Appl. Econ. , vol.26 , pp. 217-228
    • Arize, A.C.1
  • 5
    • 13844282076 scopus 로고    scopus 로고
    • Does inflation variability affect the demand for money in China? Evidence from error-correction models
    • Arize A.C., and Malindretos J. Does inflation variability affect the demand for money in China? Evidence from error-correction models. Int. Econ. J. 14 1 (2000) 47-60
    • (2000) Int. Econ. J. , vol.14 , Issue.1 , pp. 47-60
    • Arize, A.C.1    Malindretos, J.2
  • 6
    • 0033229042 scopus 로고    scopus 로고
    • Structural breaks, cointegration, and speed of adjustment: evidence from 12 LDCs money demand
    • Arize A.C., Malindretos J., and Shwiff S.S. Structural breaks, cointegration, and speed of adjustment: evidence from 12 LDCs money demand. Int. Rev. Econ. Finance 8 (1999) 399-420
    • (1999) Int. Rev. Econ. Finance , vol.8 , pp. 399-420
    • Arize, A.C.1    Malindretos, J.2    Shwiff, S.S.3
  • 7
    • 33947590119 scopus 로고    scopus 로고
    • The demand for money in China 1987-2004: a non-linear modelling approach
    • Austin D., Ward B., and Dalziel P. The demand for money in China 1987-2004: a non-linear modelling approach. China Econ. Rev. 18 (2007) 190-204
    • (2007) China Econ. Rev. , vol.18 , pp. 190-204
    • Austin, D.1    Ward, B.2    Dalziel, P.3
  • 8
    • 0034391521 scopus 로고    scopus 로고
    • German monetary unification and the stability of German M3 money demand function
    • Bahmani-Oskooee M., and Bohl M.T. German monetary unification and the stability of German M3 money demand function. Econ. Lett. 66 (2000) 203-208
    • (2000) Econ. Lett. , vol.66 , pp. 203-208
    • Bahmani-Oskooee, M.1    Bohl, M.T.2
  • 9
    • 67849122085 scopus 로고    scopus 로고
    • How stable is the money demand function in China?
    • Bahmani-Oskooee M., and Wang Y. How stable is the money demand function in China?. J. Econ. Dev. 23 1 (2007) 21-33
    • (2007) J. Econ. Dev. , vol.23 , Issue.1 , pp. 21-33
    • Bahmani-Oskooee, M.1    Wang, Y.2
  • 11
    • 0000473798 scopus 로고
    • Techniques for testing the constancy of regression relationships over time (with Discussion)
    • Brown R.L., Durbin J., and Evans J.M. Techniques for testing the constancy of regression relationships over time (with Discussion). J. Roy. Statist. Soc. B. 37 (1975) 149-192
    • (1975) J. Roy. Statist. Soc. B. , vol.37 , pp. 149-192
    • Brown, R.L.1    Durbin, J.2    Evans, J.M.3
  • 12
    • 0141682808 scopus 로고    scopus 로고
    • Stock price and money velocity: a multi-country analysis
    • Caruso M. Stock price and money velocity: a multi-country analysis. Empirical Econ. 26 (2001) 651-672
    • (2001) Empirical Econ. , vol.26 , pp. 651-672
    • Caruso, M.1
  • 13
    • 0031492954 scopus 로고    scopus 로고
    • Long-run money demand and inflation in China
    • Chen B. Long-run money demand and inflation in China. J. Macroecon. 19 3 (1997) 609-617
    • (1997) J. Macroecon. , vol.19 , Issue.3 , pp. 609-617
    • Chen, B.1
  • 14
    • 0030080114 scopus 로고    scopus 로고
    • Real stock prices and the long-run money demand function: evidence from Canada and the USA
    • Choudhry T. Real stock prices and the long-run money demand function: evidence from Canada and the USA. J. Int. Money Finance 15 1 (1996) 1-17
    • (1996) J. Int. Money Finance , vol.15 , Issue.1 , pp. 1-17
    • Choudhry, T.1
  • 15
    • 0043096472 scopus 로고    scopus 로고
    • Modeling and forecasting the money demand in China: cointegration and nonlinear analysis
    • Deng S., and Liu B. Modeling and forecasting the money demand in China: cointegration and nonlinear analysis. Ann. Oper. Res. 87 (1999) 177-189
    • (1999) Ann. Oper. Res. , vol.87 , pp. 177-189
    • Deng, S.1    Liu, B.2
  • 16
    • 84887152288 scopus 로고
    • Money and the stock markets on money demand
    • Friedman M. Money and the stock markets on money demand. J. Polit. Econ. 96 (1988) 221-245
    • (1988) J. Polit. Econ. , vol.96 , pp. 221-245
    • Friedman, M.1
  • 18
    • 38248998580 scopus 로고
    • Further evidence on money, output and prices in China
    • Hafer R.W., and Kutan A.M. Further evidence on money, output and prices in China. J. Compar. Econ. 17 (1993) 701-709
    • (1993) J. Compar. Econ. , vol.17 , pp. 701-709
    • Hafer, R.W.1    Kutan, A.M.2
  • 19
    • 21344486257 scopus 로고    scopus 로고
    • Economic reforms and long-run money demand in China: implication for monetary policy
    • Hafer R.W., and Kutan A.M. Economic reforms and long-run money demand in China: implication for monetary policy. South. Econ. J. 60 4 (2001) 936-945
    • (2001) South. Econ. J. , vol.60 , Issue.4 , pp. 936-945
    • Hafer, R.W.1    Kutan, A.M.2
  • 20
    • 0035995703 scopus 로고
    • Tests for parameter instability in regressions with I(1) processes
    • Hansen B.E. Tests for parameter instability in regressions with I(1) processes. J. Bus. Econ. Statist. 10 3 (1992) 45-59
    • (1992) J. Bus. Econ. Statist. , vol.10 , Issue.3 , pp. 45-59
    • Hansen, B.E.1
  • 21
    • 84981579311 scopus 로고
    • Maximum likelihood estimation and inference on cointegration with applications to the demand for money
    • Johansen S., and Juselius K. Maximum likelihood estimation and inference on cointegration with applications to the demand for money. Oxford Bull. Econ. Statist. 52 (1990) 169-210
    • (1990) Oxford Bull. Econ. Statist. , vol.52 , pp. 169-210
    • Johansen, S.1    Juselius, K.2
  • 22
    • 33745897883 scopus 로고    scopus 로고
    • Economic policies and demand for money: evidence from Canada
    • Kia A. Economic policies and demand for money: evidence from Canada. Appl. Econ. 38 12 (2006) 1389-1407
    • (2006) Appl. Econ. , vol.38 , Issue.12 , pp. 1389-1407
    • Kia, A.1
  • 25
    • 57549092205 scopus 로고    scopus 로고
    • Stability of money demand function revisited in China
    • Lee C.-C., and Chien M.-S. Stability of money demand function revisited in China. Appl. Econ. 40 (2008) 3185-3197
    • (2008) Appl. Econ. , vol.40 , pp. 3185-3197
    • Lee, C.-C.1    Chien, M.-S.2
  • 26
    • 39349102516 scopus 로고    scopus 로고
    • Demand for money in transition: evidence from China's disinflation
    • Mehrotra A.N. Demand for money in transition: evidence from China's disinflation. Int. Adv. Econ. Res. 14 (2008) 36-47
    • (2008) Int. Adv. Econ. Res. , vol.14 , pp. 36-47
    • Mehrotra, A.N.1
  • 27
    • 0001022384 scopus 로고
    • Capital mobility and stabilization policy under fixed and flexible exchange rates
    • Mundell A.R. Capital mobility and stabilization policy under fixed and flexible exchange rates. Can. J. Econ. Polit. Sci. 29 (1963) 475-485
    • (1963) Can. J. Econ. Polit. Sci. , vol.29 , pp. 475-485
    • Mundell, A.R.1
  • 28
    • 21544453332 scopus 로고    scopus 로고
    • The saving and investment nexus for China: evidence from cointegration tests
    • Narayan P.K. The saving and investment nexus for China: evidence from cointegration tests. Appl. Econ. 37 (2005) 1979-1990
    • (2005) Appl. Econ. , vol.37 , pp. 1979-1990
    • Narayan, P.K.1
  • 29
    • 0347593852 scopus 로고    scopus 로고
    • Post stabilization estimates of money demand in Croatia: Error correction model using the bounds testing approach
    • Payne J.E. Post stabilization estimates of money demand in Croatia: Error correction model using the bounds testing approach. Appl. Econ. 35 (2003) 1723-1727
    • (2003) Appl. Econ. , vol.35 , pp. 1723-1727
    • Payne, J.E.1
  • 30
    • 0035588799 scopus 로고    scopus 로고
    • Bounds testing approaches to the analysis of level relationships
    • Pesaran M.H., Shin Y., and Smith R.J. Bounds testing approaches to the analysis of level relationships. J. Appl. Econ. 16 (2001) 289-326
    • (2001) J. Appl. Econ. , vol.16 , pp. 289-326
    • Pesaran, M.H.1    Shin, Y.2    Smith, R.J.3
  • 31
    • 0010698387 scopus 로고    scopus 로고
    • Cointegration rank inference with stationary regressors in VAR models
    • Rahbek A., and Mosconi R. Cointegration rank inference with stationary regressors in VAR models. Econ. J. 2 1 (1999) 76-91
    • (1999) Econ. J. , vol.2 , Issue.1 , pp. 76-91
    • Rahbek, A.1    Mosconi, R.2
  • 32
    • 16344364703 scopus 로고    scopus 로고
    • Modeling monetary transmission and policy in China
    • Qin D., Quising P., He X., and Liu S. Modeling monetary transmission and policy in China. J. Pol. Model. 27 (2005) 157-175
    • (2005) J. Pol. Model. , vol.27 , pp. 157-175
    • Qin, D.1    Quising, P.2    He, X.3    Liu, S.4
  • 33
    • 0011210465 scopus 로고    scopus 로고
    • Real stock prices and the long-run demand for money in Germany
    • Thornton J. Real stock prices and the long-run demand for money in Germany. Appl. Finan. Econ. 8 (1998) 513-517
    • (1998) Appl. Finan. Econ. , vol.8 , pp. 513-517
    • Thornton, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.