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Collection 6 - Filipiniana Theses and Dissertations

PMDMP 1

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Proposed models of demand for money in the Philippines in a period of financial innovations

PMDMP 1

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Author	Vital, Olivia Agtarap.
Title	Proposed models of demand for money in the Philippines in a period of financial innovations
Publisher	Manila : UST Graduate School
Date	2000
Description	xix, 292 p. ; 29 cm.
Abstract	The aim of the study is to come up empirically with a model/models of real demand for money in the Philippines in the light of financial innovations. Through a simple linear multiple regression model, the real demand for money concepts M1 to M5 were estimated with conventional factors, with a financial innovation factor (M4-to-M3 ratio, or deposit-to-M1 ratio), or adjusted foreign interest rate, an alternative return on domestic money. Non-logarithmic and logarithmic equations were computed covering the quarterly periods 1981 to 1997 or 1989 to 1997. Based on several criteria, real money demand equations were chosen and proposed as quarterly money demand models, particularly on grounds of stable relationship and minimum forecast errors. The continued stability of some conventional real money demand equations may be explained by the possibility that even as financial innovations in the country have emerged, their effect on the demand for money is not widespread owing to the relatively less developed financial market in the country relative to the industrialized countries.
Subject	Economic stabilization.
Subject2	Monetary policy -- Philippines.
Subject3	Money supply -- Philippines.
Format	pdf
Language	English
Rights	The digital copy is owned by the UST Miguel de Benavides Library.

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Title	PMDMP 1
Abstract	UST MIGUEL DE BENAVIDES LIBRARY

Proposed models of demand for money in the Philippines in a period of financial innovations

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