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Demand for money in Sri Lanka, 1952-2002
journal contribution
posted on 2023-06-08, 04:57 authored by Barry Reilly, Michael SumnerThe 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.
History
Publication status
- Published
Journal
Applied Economics LettersISSN
1350-4851External DOI
Issue
5Volume
15Page range
343-347Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
