TY  - CHAP
AB  - Abstract This chapter estimates causality properties between real money demand and a number of determinants, that is, real output, the lending rate and the real exchange rate, across 10 Asian economies through linear and nonlinear causality methodologies spanning the period 1990–2012. The results document both bidirectional and unidirectional causality between monetary aggregates (M1 and M2) and their determinants for different country groups. The empirical findings exemplify the role of the demand for money as a policy tool and can provide useful policy recommendations to the Asian monetary authorities in their vision of forming a future monetary union.
VL  - 96
SN  - 978-1-78441-027-8, 978-1-78441-026-1/1569-3759
DO  - 10.1108/S1569-375920140000096007
UR  - https://doi.org/10.1108/S1569-375920140000096007
AU  - Ajmi Ahdi Noomen
AU  - Apergis Nicholas
PY  - 2014
Y1  - 2014/01/01
TI  - Money Demand Causality for Ten Asian Countries: Evidence from Linear and Nonlinear Causality Tests
T2  - Risk Management Post Financial Crisis: A Period of Monetary Easing
T3  - Contemporary Studies in Economic and Financial Analysis
PB  - Emerald Group Publishing Limited
SP  - 193
EP  - 210
Y2  - 2024/09/20
ER  -