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Demand for money in Thailand

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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

DOI: http://dx.doi.org/10.1080/00036840601019398

Affiliations: Department of Economics, University of Sussex, Brighton, BN1 9SN

Publication date: April 1, 2009

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