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Demand for money in Sri Lanka, 1952-2002
journal contributionposted on 2023-06-08, 04:57 authored by Barry Reilly, Michael Sumner
The key issue in the analysis of demand for money in Sri Lanka is shown to be the specification of opportunity cost. A coherent definition yields stable long-run estimates of the demand function consistent with economic theory for all measures of money.
JournalApplied Economics Letters
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- Economics Publications
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