The demand for banking and shadow banking services
Author
Abstract
Suggested Citation
DOI: 10.1016/j.najef.2018.12.009
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Istiak, Khandokar & Serletis, Apostolos, 2016.
"A Note On Leverage And The Macroeconomy,"
Macroeconomic Dynamics, Cambridge University Press, vol. 20(1), pages 429-445, January.
- Khandokar Istiak & Apostolos Serletis, "undated". "A Note on Leverage and the Macroeconomy," Working Papers 2014-45, Department of Economics, University of Calgary, revised 01 Apr 2014.
- Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, vol. 1(1), pages 7-73.
- Franc Klaassen, 2002. "Improving GARCH volatility forecasts with regime-switching GARCH," Empirical Economics, Springer, vol. 27(2), pages 363-394.
- Dueker, Michael J, 1997.
"Markov Switching in GARCH Processes and Mean-Reverting Stock-Market Volatility,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 15(1), pages 26-34, January.
- Michael J. Dueker, 1995. "Markov switching in GARCH processes and mean reverting stock market volatility," Working Papers 1994-015, Federal Reserve Bank of St. Louis.
- Nurul Hossain, A.K.M. & Serletis, Apostolos, 2017. "A century of interfuel substitution," Journal of Commodity Markets, Elsevier, vol. 8(C), pages 28-42.
- Barnett, William A. & Serletis, Apostolos, 2008.
"Consumer preferences and demand systems,"
Journal of Econometrics, Elsevier, vol. 147(2), pages 210-224, December.
- William Barnett & Apostolos Serletis, 2008. "Consumer preferences and demand systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200801, University of Kansas, Department of Economics, revised Jan 2008.
- Barnett, William A. & Serletis, Apostolos, 2008. "Consumer preferences and demand systems," MPRA Paper 8413, University Library of Munich, Germany.
- Apostolos Serletis & Libo Xu, 2020.
"Demand systems with heteroscedastic disturbances,"
Empirical Economics, Springer, vol. 58(4), pages 1913-1921, April.
- Apostolos Serletis & Libo Xu, "undated". "Demand Systems with Heteroscedastic Disturbances," Working Papers 2018-11, Department of Economics, University of Calgary, revised 25 Sep 2018.
- W.A. Barnett & J.M. Binner, 2004.
"The Global Properties of the Minflex Laurent, Generalized Leontief, and Translog Flexible Functional Forms,"
Contributions to Economic Analysis, in: Functional Structure and Approximation in Econometrics, pages 79-97,
Emerald Group Publishing Limited.
- Barnett, William A & Lee, Yul W, 1985. "The Global Properties of the Miniflex Laurent, Generalized Leontief, and Translog Flexible Functional Forms," Econometrica, Econometric Society, vol. 53(6), pages 1421-1437, November.
- Hamilton, James D, 1989. "A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle," Econometrica, Econometric Society, vol. 57(2), pages 357-384, March.
- Apostolos Serletis & Maksim Isakin, 2017.
"Stochastic volatility demand systems,"
Econometric Reviews, Taylor & Francis Journals, vol. 36(10), pages 1111-1122, November.
- Apostolos Serletis & Maksim Isakin, "undated". "Stochastic Volatility Demand Systems," Working Papers 2014-74, Department of Economics, University of Calgary, revised 29 Sep 2014.
- Ben S. Bernanke, 2015.
"The Federal Reserve and the Financial Crisis,"
Economics Books,
Princeton University Press,
edition 1, number 9928-2.
- Ben S. Bernanke, 2013. "The Federal Reserve and the Financial Crisis," Economics Books, Princeton University Press, edition 1, number 9928.
- Barnett, William A. & Lee, Yul W. & Wolfe, Michael D., 1985. "The three-dimensional global properties of the minflex laurent, generalized leontief, and translog flexible functional forms," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 3-31.
- Fuss, Melvyn & McFadden, Daniel (ed.), 1978. "Production Economics: A Dual Approach to Theory and Applications," Elsevier Monographs, Elsevier, edition 1, number 9780444850133.
- Hsiang-Tai Lee & Jonathan Yoder, 2007.
"A bivariate Markov regime switching GARCH approach to estimate time varying minimum variance hedge ratios,"
Applied Economics, Taylor & Francis Journals, vol. 39(10), pages 1253-1265.
- Hsiang-Tai Lee & Jonathan Yoder, 2005. "A Bivariate Markov Regime Switching GARCH Approach to Estimate Time Varying Minimum Variance Hedge Ratios," Econometrics 0506009, University Library of Munich, Germany.
- Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2018.
"Time varying risk aversion,"
Journal of Financial Economics, Elsevier, vol. 128(3), pages 403-421.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2013. "Time Varying Risk Aversion," EIEF Working Papers Series 1322, Einaudi Institute for Economics and Finance (EIEF), revised Sep 2013.
- Guiso, Luigi & Zingales, Luigi & Sapienza, Paola, 2013. "Time Varying Risk Aversion," CEPR Discussion Papers 9589, C.E.P.R. Discussion Papers.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2013. "Time Varying Risk Aversion," NBER Working Papers 19284, National Bureau of Economic Research, Inc.
- Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (I): The Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number fuss1978.
- William A. Barnett, 2004.
"Tastes and Technology: Curvature Is Not Sufficient for Regularity,"
Contributions to Economic Analysis, in: Functional Structure and Approximation in Econometrics, pages 429-433,
Emerald Group Publishing Limited.
- Barnett, William A., 2002. "Tastes and technology: curvature is not sufficient for regularity," Journal of Econometrics, Elsevier, vol. 108(1), pages 199-202, May.
- Pascal St-Amour & Stephen Gordon, 2000.
"A Preference Regime Model of Bull and Bear Markets,"
American Economic Review, American Economic Association, vol. 90(4), pages 1019-1033, September.
- Gordon, Stephen & St-Amour, Pascal, 1999. "A Preference Regime Model of Bull and Bear Markets," Cahiers de recherche 9906, Université Laval - Département d'économique.
- William A. Barnett, 2000.
"New Indices of Money Supply and the Flexible Laurent Demand System,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 325-359,
Emerald Group Publishing Limited.
- Barnett, William A, 1983. "New Indices of Money Supply and the Flexible Laurent Demand System," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(1), pages 7-23, January.
- BARTEN, Anton P., 1969. "Maximum likelihood estimation of a complete system of demand equations," LIDAM Reprints CORE 34, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (II): Applications of the Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number fuss1978a.
- Christopher A. Sims & Tao Zha, 2006.
"Were There Regime Switches in U.S. Monetary Policy?,"
American Economic Review, American Economic Association, vol. 96(1), pages 54-81, March.
- Christopher A. Sims & Tao Zha, 2004. "Were there regime switches in U.S. monetary policy?," FRB Atlanta Working Paper 2004-14, Federal Reserve Bank of Atlanta.
- Christopher A. Sims & Tao Zha, 2005. "Were There Regime Switches in U.S. Monetary Policy?," Working Papers 92, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Barnett, William A. & Serletis, Apostolos, 2008.
"Measuring Consumer Preferences and Estimating Demand Systems,"
MPRA Paper
12318, University Library of Munich, Germany.
- William Barnett & Apostolos Serletis, 2009. "Measuring Consumer Preferences and Estimating Demand Systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200901, University of Kansas, Department of Economics, revised Jan 2009.
- William A. Barnett, 2000.
"The User Cost of Money,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 6-10,
Emerald Group Publishing Limited.
- Barnett, William A., 1978. "The user cost of money," Economics Letters, Elsevier, vol. 1(2), pages 145-149.
- Hafner, Christian M. & Herwartz, Helmut, 2006.
"Volatility impulse responses for multivariate GARCH models: An exchange rate illustration,"
Journal of International Money and Finance, Elsevier, vol. 25(5), pages 719-740, August.
- Tom Doan, "undated". "RATS program to replicate Hafner-Herwartz volatility impulse response functions," Statistical Software Components RTZ00183, Boston College Department of Economics.
- Kim, Chang-Jin, 1994.
"Dynamic linear models with Markov-switching,"
Journal of Econometrics, Elsevier, vol. 60(1-2), pages 1-22.
- Kim, C-J., 1991. "Dynamic Linear Models with Markov-Switching," Papers 91-8, York (Canada) - Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ferry Syarifuddin & Prayudhi Azwar, 2019. "The Scope, Prospect And Implication Of New Form Of Financial Intermediation For Monetary Policy In Indonesia," Working Papers WP/08/2019, Bank Indonesia.
- Ridoy Deb Nath & Mohammad Ashraful Ferdous Chowdhury, 2021. "Shadow banking: a bibliometric and content analysis," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-29, December.
- Si, Deng-Kui & Li, Xiao-Lin, 2022. "Shadow banking business and firm risk-taking: Evidence from China," Research in International Business and Finance, Elsevier, vol. 62(C).
- Yan, Youliang & Wang, Maochuan & Hu, Guoliu & Jiang, Chengxin, 2024. "Does Confucian culture affect shadow banking activities? Evidence from Chinese listed companies," Research in International Business and Finance, Elsevier, vol. 68(C).
- Istiak, Khandokar, 2019. "The nature of shadow bank leverage shocks on the macroeconomy," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Serletis, Apostolos & Xu, Libo, 2021.
"Consumption, Leisure, And Money,"
Macroeconomic Dynamics, Cambridge University Press, vol. 25(6), pages 1412-1441, September.
- Apostolos Serletis & Libo Xu, "undated". "Consumption, Leisure, and Money," Working Papers 2019-08, Department of Economics, University of Calgary, revised 06 Jul 2019.
- Serletis, Apostolos & Xu, Libo, 2020. "Functional monetary aggregates, monetary policy, and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 121(C).
- Libo Xu & Apostolos Serletis, 2022. "The Demand for Assets: Evidence from the Markov Switching Normalized Quadratic Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(4), pages 989-1025, June.
- Barnett, William A. & Serletis, Apostolos, 2008.
"Consumer preferences and demand systems,"
Journal of Econometrics, Elsevier, vol. 147(2), pages 210-224, December.
- William Barnett & Apostolos Serletis, 2008. "Consumer preferences and demand systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200801, University of Kansas, Department of Economics, revised Jan 2008.
- Barnett, William A. & Serletis, Apostolos, 2008. "Consumer preferences and demand systems," MPRA Paper 8413, University Library of Munich, Germany.
- Serletis, Apostolos & Xu, Libo, 2022. "Interfuel substitution: A copula approach," Journal of Commodity Markets, Elsevier, vol. 28(C).
- Serletis, Apostolos & Xu, Libo, 2021.
"The welfare cost of inflation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 128(C).
- Apostolos Serletis, 2007. "The Welfare Cost of Inflation," Springer Books, in: The Demand for Money, edition 0, chapter 0, pages 75-85, Springer.
- Barnett, William A. & Serletis, Apostolos, 2008.
"Measuring Consumer Preferences and Estimating Demand Systems,"
MPRA Paper
12318, University Library of Munich, Germany.
- William Barnett & Apostolos Serletis, 2009. "Measuring Consumer Preferences and Estimating Demand Systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200901, University of Kansas, Department of Economics, revised Jan 2009.
- Apostolos Serletis & Libo Xu, 2020.
"Demand systems with heteroscedastic disturbances,"
Empirical Economics, Springer, vol. 58(4), pages 1913-1921, April.
- Apostolos Serletis & Libo Xu, "undated". "Demand Systems with Heteroscedastic Disturbances," Working Papers 2018-11, Department of Economics, University of Calgary, revised 25 Sep 2018.
- Nurul Hossain, A.K.M. & Serletis, Apostolos, 2017. "A century of interfuel substitution," Journal of Commodity Markets, Elsevier, vol. 8(C), pages 28-42.
- Serletis, Apostolos & Xu, Libo, 2023. "Consumer preferences, the demand for Divisia money, and the welfare costs of inflation," Journal of Macroeconomics, Elsevier, vol. 75(C).
- Kesavan, Thulasiram, 1988. "Monte Carlo experiments of market demand theory," ISU General Staff Papers 198801010800009854, Iowa State University, Department of Economics.
- Adrian R. Fleissig, 2016. "Changing Trends in U.S. Alcohol Demand," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(3), pages 263-276, September.
- Dongfeng Chang & Apostolos Serletis, 2014.
"The Demand For Gasoline: Evidence From Household Survey Data,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(2), pages 291-313, March.
- Dongfeng (Karen) Chang & Apostolos Serletis, "undated". "The Demand for Gasoline: Evidence from Household Survey Data," Working Papers 2012-10, Department of Economics, University of Calgary.
- Serletis, Apostolos & Shahmoradi, Asghar, 2010. "Consumption effects of government purchases," Journal of Macroeconomics, Elsevier, vol. 32(3), pages 892-905, September.
- William A. Barnett & Neepa B. Gaekwad, 2018.
"The Demand for Money for EMU: a Flexible Functional Form Approach,"
Open Economies Review, Springer, vol. 29(2), pages 353-371, April.
- Barnett, William & Gaekwad, Neepa, 2017. "The Demand for Money for EMU: A Flexible Functional Form Approach," MPRA Paper 81466, University Library of Munich, Germany.
- William A. Barnett & Neepa B. Gaekwad, 2017. "The Demand for Money for EMU: A Flexible Functional Form Approach," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201704, University of Kansas, Department of Economics, revised Sep 2017.
- Apostolos Serletis & Libo Xu, 2020.
"Conditional Correlation Demand Systems,"
Computational Economics, Springer;Society for Computational Economics, vol. 56(1), pages 77-86, June.
- Apostolos Serletis & Libo Xu, "undated". "Conditional Correlation Demand Systems," Working Papers 2018-17, Department of Economics, University of Calgary, revised 25 Nov 2018.
- Guy Chapda Nana & Bruno Larue, 2014.
"Imposing curvature conditions on flexible functional forms for GNP functions,"
Empirical Economics, Springer, vol. 47(4), pages 1411-1440, December.
- Guy Chapda Nana & Bruno Larue, 2012. "Imposing Curvature Conditions on Flexible Functional Forms for GNP Functions," Cahiers de recherche CREATE 2012-5, CREATE.
- Hossain, A. K. M. Nurul & Serletis, Apostolos, 2020. "Biofuel substitution in the U.S. transportation sector," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
- Serletis, Apostolos & Rangel-Ruiz, Ricardo, 2005. "Microeconometrics and measurement matters: Some results from monetary economics for Canada," Journal of Macroeconomics, Elsevier, vol. 27(2), pages 307-330, June.
- Moschini, G. & Moro, D., 1993.
"A Food demand System for Canada,"
Papers
1-93, Gouvernement du Canada - Agriculture Canada.
- Moschini, GianCarlo & Moro, D., 1993. "Food Demand System for Canada, A," Staff General Research Papers Archive 12753, Iowa State University, Department of Economics.
- Moschini, Giancarlo & Moro, Daniele, 1993. "A Food Demand System for Canada," Technical Reports 243853, Agriculture and Agri-Food Canada.
More about this item
Keywords
Minflex Laurent functional form; Markov regime switching; GARCH; BEKK; Volatility impulse response functions; C3; C13; C51; E41; E42; E51;All these keywords.
JEL classification:
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecofin:v:47:y:2019:i:c:p:132-146. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620163 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.