IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v19y1980i1p25-50.html
   My bibliography  Save this article

The Demand for Money in Pakistan. Some Further Results

Author

Listed:
  • AsHFAQUE H. KHAN

    (Pakistan Institute of Development Economics,Islamabad)

Abstract

This paper thoroughly analyses the demand aspect of the money market and examines the determinants of the demand for money in Pakistan over the period extending from 1959~0 to 1977-78. Besides income and rate of interest on time deposits, the expected rate of inflation and degree of monetization appear to be the most important explanatory variables in the demand for money in Pakistan. The estimated function did not exhibit marked instability and can, therefore, be used for forecasting the money stock.

Suggested Citation

  • AsHFAQUE H. KHAN, 1980. "The Demand for Money in Pakistan. Some Further Results," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 19(1), pages 25-50.
    • Handle: RePEc:pid:journl:v:19:y:1980:i:1:p:25-50
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/1980/Volume1/25-50.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khalfaoui, Rabeh & Padhan, Hemachandra & Tiwari, Aviral Kumar & Hammoudeh, Shawkat, 2020. "Understanding the time-frequency dynamics of money demand, oil prices and macroeconomic variables: The case of India," Resources Policy, Elsevier, vol. 68(C).
    2. Mohsen Bahmani-Oskooee & Dan Xi, 2014. "Economic Uncertainty, Monetary Uncertainty, and the Demand for Money: Evidence From Asian Countries," Australian Economic Papers, Wiley Blackwell, vol. 53(1-2), pages 16-28, June.
    3. Syed Muhammad Tariq & Kent Matthews, 1997. "The Demand for Simple-sum and Divisia Monetary Aggregates for Pakistan: A Cointegration Approach," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(3), pages 275-291.
    4. Adnan Haider & Asad Jan & Kalim Hyder, 2013. "On the (Ir)Relevance of Monetary Aggregate Targeting in Pakistan: An Eclectic View," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 18(2), pages 65-119, July-Dec.
    5. Siffat Mushtaq & Abdul Rashid & Abdul Qayyum, 2012. "On the Welfare Cost of Inflation: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(1), pages 61-96.
    6. Tayyeb Shabbir & Riaz Mahmood, 1991. "Structural Change in the Import Demand Function for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 30(4), pages 1159-1168.
    7. Ashfaque H. Khan, 1994. "Financial Liberalisation and the Demand for Money in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(4), pages 997-1010.
    8. SHAHEENA NISAR & NAHEED AsLAM, 1983. "The Demand for Money and the Term Structure of Interest Rates in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 22(2), pages 97-116.
    9. Charles O. Manasseh & Ifeoma C. Nwakoby & Felicia C. Abada & Felix C. Alio & Ogochukwu Okanya, 2021. "Money Demand in Nigeria: Application of Autoregressive Distributed Lag Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(4), pages 308-321, April.
    10. Muhammad Qasim & Khalil Ahmad & Dr. Muhammad Irfan Chani, 2015. "Exchange Rate Volatility and Money Demand: An Empirical Analysis of Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 1(3), pages 131-141, September.
    11. Ashfaque H. Khan, 1982. "Pennanent Income, Inflation Expectations and the Money Demand Function in Developing Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 21(4), pages 259-273.
    12. Abdul Qayyum, 2005. "Modelling the Demand for Money in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(3), pages 233-252.
    13. Muhammad Qasim & Khalil Ahmad & Muhammad Irfan Chani, 2021. "Exchange Rate Volatility and Money Demand: An Empirical Analysis of Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 7(1), pages 15-25, March.
    14. Ather Maqsood Ahmed & Muhammad Rafiq & M. Shahid Iqbal, 1993. "Dynamic Properties of an Aggregate Econometric Model of Pakistan's Economy," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 1031-1041.
    15. Mohsen Bahmani-Oskooee & Hafez Rehman, 2005. "Stability of the money demand function in Asian developing countries," Applied Economics, Taylor & Francis Journals, vol. 37(7), pages 773-792.
    16. Abdullah, Muhammad & Chani, Muhammad Irfan & Ali, Amjad, 2012. "Determinants of Money Demand in Pakistan: Disaggregated Expenditure Approach," MPRA Paper 50977, University Library of Munich, Germany, revised 2013.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:pid:journl:v:19:y:1980:i:1:p:25-50. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.