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Demand for money in India: 1953-2003

Singh, Rup and Rao, Bhaskara B. (2006) Demand for money in India: 1953-2003. Applied Economics, 38 (11). pp. 1319-1326. ISSN 0003-6846

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The demand for money, especially in the developing countries, is an important relationship for formulating appropriate monetary policy and targeting monetary variables. In this paper the demand for narrow money in India is estimated and its robustness evaluated. It is found that there is a stable demand for money for almost half a century from 1953 to 2003. There is no evidence for any significant effects of the 1991 financial reforms.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 17 Mar 2006 00:23
Last Modified: 18 Jul 2012 05:27

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