Evidence from a new currency equivalent monetary aggregate for India
Evidence from a new currency equivalent monetary aggregate for India
| dc.contributor.author | Acharya, Debashis | |
| dc.contributor.author | Gopalaswamy, Arun Kumar | |
| dc.date.accessioned | 2022-03-27T02:10:22Z | |
| dc.date.available | 2022-03-27T02:10:22Z | |
| dc.date.issued | 2007-01-01 | |
| dc.description.abstract | This paper empirically examines the properties of a new weighted monetary aggregate, Currency equivalent monetary aggregate (CEMA) for India using the components of a broad monetary aggregate NM3 recommended by the working group on Money Supply, Analytics and Methodology of Compilation, Reserve Bank of India (RBI, 1998). The empirical properties of this aggregate via a money demand function are compared with its simple sum counterpart NM3. The results suggest the superiority of the CEMA over NM3. | |
| dc.identifier.citation | Banks and Bank Systems. v.2(4) | |
| dc.identifier.issn | 18167403 | |
| dc.identifier.uri | https://dspace.uohyd.ac.in/handle/1/4906 | |
| dc.subject | Cointegration | |
| dc.subject | Monetary aggregate | |
| dc.subject | Money demand | |
| dc.title | Evidence from a new currency equivalent monetary aggregate for India | |
| dc.type | Journal. Article | |
| dspace.entity.type |
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