Best Seller Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico

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Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico High quality books

Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico
By:Ms. May Y. Khamis,Mr. Alfredo Mario Leone
Published on 1999-04-01 by International Monetary Fund

The paper finds strong evidence that real currency demand in Mexico remained stable throughout and after the financial crisis in Mexico. Cointegration analysis using the Johansen-Juselius technique indicates a strong cointegration relationship between real currency balances, real private consumption expenditures, and the interest rate. The dynamic model for real currency demand exhibits significant parameter constancy even after the financial crisis as indicated by a number of statistical tests. The paper concludes that the significant reduction in real currency demand under the financial crisis in Mexico could be appropriately explained by the change in the variables that historically explained the demand for real cash balances in Mexico. This result supports the Bank of Mexico’s use of a reserve money program to implement monetary policy under the financial crisis.

This Book was ranked at 34 by Google Books for keyword Currency.

Book ID of Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico's Books is 41p67Y7wm3QC, Book which was written byMs. May Y. Khamis,Mr. Alfredo Mario Leonehave ETAG "q6FUsNGXxY8"

Book which was published by International Monetary Fund since 1999-04-01 have ISBNs, ISBN 13 Code is 9781451894271 and ISBN 10 Code is 1451894279

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Book which have "26 Pages" is Printed at BOOK under CategoryBusiness and Economics

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