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Demand for money in Thailand

[journal article]

Sumner, Michael

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Abstract After a brief review of recent literature, new estimates on a long run of annual observations of the Thai demand for all the standard measures of money are presented. The results demonstrate that the demand for real money balances is a stable function of a scale variable and a coherent measure of opportunity cost, with all the properties predicted by economic theory.
Classification National Economy
Document language English
Publication Year 2009
Page/Pages p. 1269-1276
Journal Applied Economics, 41 (2009) 10
ISSN 1466-4283
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)