The Money Demand Relationship in Saudi Arabia: An Empirical Investigation: Reply
Ali F. Darrat
(Associate Professor of Economics, University of New Orleans, USA)
62
Abstract
The main objective of my article, (Darrat, 1984), was to examine the sensitivity of domestic money demand in Saudi Arabia to changes in external monetary and financial factors such as foreign interest rates. Regression results over the quarterly period 1962/I‐1981/IV indicated that the Saudi money demand was significantly influenced by movements in foreign short‐term interest rates and currency exchange rates.
Citation
Darrat, A.F. (1985), "The Money Demand Relationship in Saudi Arabia: An Empirical Investigation: Reply", Journal of Economic Studies, Vol. 12 No. 5, pp. 65-67. https://doi.org/10.1108/eb002615
Publisher
:MCB UP Ltd
Copyright © 1985, MCB UP Limited