Demand for money in Thailand
Abstract:After a brief review of recent literature, new estimates on a long run of annual observations of the Thai demand for all the standard measures of money are presented. The results demonstrate that the demand for real money balances is a stable function of a scale variable and a coherent measure of opportunity cost, with all the properties predicted by economic theory.
Document Type: Research Article
Affiliations: Department of Economics, University of Sussex, Brighton, BN1 9SN
Publication date: April 1, 2009