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Causal relationship between domestic credit and international reserves: The experience of developing countries

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  • Gupta, Sanjeev

Abstract

Three causality tests, Haugh, Granger and Sims are used to determine the nature of causal relationship between the components of monetary base of India, Malaysia, Mexico and Taiwan. The conclusion derived is that bidirectional causality exists between the changes in domestic credit and changes in international reserves for all four countries.

Suggested Citation

  • Gupta, Sanjeev, 1982. "Causal relationship between domestic credit and international reserves: The experience of developing countries," Kiel Working Papers 139, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:139
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    References listed on IDEAS

    as
    1. Gupta, Poonam & Gupta, Sanjeev, 1981. "Estimates of the unreported economy in India," Kiel Working Papers 130, Kiel Institute for the World Economy (IfW Kiel).
    2. Dick, Rolf, 1981. "Tiefseebergbau versus Landbergbau: Metallproduktion aus Manganknollen und Nickellateriterzen im Wirtschaftlichkeitsvergleich," Kiel Working Papers 131, Kiel Institute for the World Economy (IfW Kiel).
    3. Kim, Chungsoo, 1981. "Efficiency aspects of fishery management: The case of the North Sea," Kiel Working Papers 128, Kiel Institute for the World Economy (IfW Kiel).
    4. Gupta, Poonam, 1981. "An econometric model of the world cobalt industry," Kiel Working Papers 129, Kiel Institute for the World Economy (IfW Kiel).
    5. Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
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