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Currency substitution and the demand for money in Mexico

journal contribution
posted on 30.05.2006, 10:33 by Miriam Chau Rodriguez, Paul Turner
Demand functions for broad money and foreign currency deposits are estimated using quarterly Mexican data for the period 1978:1 to 2000:4. Significant evidence is found for currency substitution in the broad money equation. While the demand function for foreign currency deposits is harder to interpret, significant evidence ofsubstitut ion between domestic money balances and US$ deposits is found.

History

School

  • Business and Economics

Department

  • Economics

Pages

86809 bytes

Citation

RODRIGUEZ, M.C. and TURNER, P., 2003. Currency substitution and the demand for money in Mexico. Applied Economics Letters, 10, pp.59-62

Publisher

© Taylor and Francis

Publication date

2003

Notes

This is Restricted Access. This article was published in the journal, Applied Economics Letters [© Taylor and Francis] and is available at: http://www.journalsonline.tandf.co.uk/openurl.asp?genre=journal&issn=1350-4851.

ISSN

1466-4291

Language

en

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Keywords

Exports