Currency substitution and the demand for money in Mexico
journal contribution
posted on 2006-05-30, 10:33 authored by Miriam Chau Rodriguez, Paul TurnerDemand 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 bytesCitation
RODRIGUEZ, M.C. and TURNER, P., 2003. Currency substitution and the demand for money in Mexico. Applied Economics Letters, 10, pp.59-62Publisher
© Taylor and FrancisPublication date
2003Notes
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
1466-4291Language
- en
