Explaining money demand in China during the transition from a centrally planned to a market-based monetary system

Abstract : Fundamental changes in institutions during the transition from a centrally planned to a market economy present a formidable challenge to monetary policy decision makers. For the case of China, we examine the institutional changes in the monetary system during the process of transition and develop money demand functions that reflect these institutional changes. We consider seasonal unit roots and estimate long-run, equilibrium money demand functions, explicitly taking into consideration the changes in the institutional ...
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Post-Communist Economies, 2014, Volume 26 (Numéro 3), pp 376-400. 〈10.1080/14631377.2014.937099〉
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Soumis le : jeudi 4 juin 2015 - 16:10:40
Dernière modification le : vendredi 5 juin 2015 - 01:05:24

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Anne-Laure Delatte, Julien Fouquau, Carsten A. Holz. Explaining money demand in China during the transition from a centrally planned to a market-based monetary system. Post-Communist Economies, 2014, Volume 26 (Numéro 3), pp 376-400. 〈10.1080/14631377.2014.937099〉. 〈hal-01160174〉

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