Currency Substitution, Capital Mobility and Functional Forms of Money Demand in Pakistan

dc.contributor.author	Yu Hsing
dc.date.accessioned	2014-08-12T04:28:58Z
dc.date.available	2014-08-12T04:28:58Z
dc.date.issued	2007-06
dc.identifier.citation	The Lahore Journal of Economics Volume 12, No.1	en_US
dc.identifier.issn	1811-5438
dc.identifier.uri	http://121.52.153.179/Volume.html
dc.identifier.uri	http://hdl.handle.net/123456789/5673
dc.description	PP.14 ;ill	en_US
dc.description.abstract	The demand for M2 in Pakistan is positively influenced by real GDP and currency appreciation and negatively influenced by the domestic interest rate and the foreign interest rate. These results confirm international capital mobility and currency substitution. The Box-Cox transformation indicates that the log-linear function cannot be rejected while the linear function can be rejected at the 5% significance level. The log-linear form of the demand for M2 shows a small value of the mean absolute percent error and performs better in the CUSUM and CUSUMSQ tests than the linear form.	en_US
dc.language.iso	en	en_US
dc.publisher	© The Lahore School of Economics	en_US
dc.subject	capital mobility	en_US
dc.subject	Functional Forms	en_US
dc.subject	Currency substitution	en_US
dc.title	Currency Substitution, Capital Mobility and Functional Forms of Money Demand in Pakistan	en_US
dc.type	Article	en_US