PL EN


2007 | 2 | 1 | 7-13
Article title

IMPACTS OF FINANCIAL STOCK PRICES AND EXCHANGE RATES ON THE DEMAND FOR MONEY IN POLAND

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
Applying the extended Box-Cox model and the Newey-West method, this paper finds that the demand for real M2 is positively influenced by real GDP and the real effective exchange rate, negatively affected by the deposit rate and the world interest rate, and not correlated with the real financial stock price. Hence, real depreciation of the zloty or a lower world interest rate would raise real output. The widely used log-linear form or the linear form can be rejected at the 5% or 1% level in favor of the extended Box-Cox model, suggesting that the elasticity or the slope is not a constant but varies with the values of the dependent and independent variables.</
Keywords
Contributors
author
  • Yu Hsing, Economics Department of General Business, College of Business Southeastern Louisiana University Hammond, Louisiana 70402, USA
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10BHAAAA07617
YADDA identifier
bwmeta1.element.8465a926-8059-3d4f-942f-a464d36e1f64
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