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Autre Publication Scientifique Année : 2011

Explaining money demand in China during the transition from a centrally planned to a market-based monetary system

Résumé

We examine the transition process from a centrally planned to a market-based monetary system in China, with the objective of giving a functional form to the transition in money demand. Applying the cointegrating Time-Varying Smooth Transition Regression model proposed by Choi and Saikkonen (2004) on a constructed dataset spanning the period from 1984 to 2010, and using a seasonal unit-root test developed by Hylleberg et al. (1990), our findings invalidate much of the earlier literature. Our examination of disaggregate as well as aggregate money balances yields the following findings.
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Dates et versions

hal-00756576 , version 1 (23-11-2012)

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  • HAL Id : hal-00756576 , version 1

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Anne-Laure Delatte, Julien Fouquau, Carsten A. Holz. Explaining money demand in China during the transition from a centrally planned to a market-based monetary system. 2011. ⟨hal-00756576⟩
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