Kuwait-University-Journal-of-Law-header
Search
Journal of Law

Previous Issues

Advance Search
Year : From To Vol
Issue Discipline:
Author

Volume :19 Issue : 75 1994      Add To Cart                                                                    Download

A STANDARD TEST OF THE CURRENCY SUBSTITUTION HYPOTHESIS FOR THE KUWAITI ECONOMY

Auther : By: El-Sayed M. El-Samadisy

 

There has been growing interest over the last two decades in analyzing and testing for the relevance of international monetary and financial developments to the demand for domestic money balances in a formally open economy. Nevertheless, many studies on open economies, in examining the demand for money, assume that residents hold three assets: domestic “bonds”, foreign “bonds”, and domestic “money”, however, has been the argument that in today’s integrated world, residents often extended to include foreign money and financial assets as well. Accordingly, the role of the expected rate of change in the exchange rate in a demand function for domestic money balances has received considerable attention in the literature as it became eloquent during the period of floating exchange rates.

Journal of Law
Journal of Law

You are Visitor No.

75412

Journal of Law
Journal of Law
Tell your friendsJournal of Law
Journal of Law

Last Updated

May 18, 2017

Journal of Law
Journal of Law
Journal of Law

Please enter your email Here to receive our news

Journal of Law