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Thesis

The demand for money, asset substitution and the inflation tax in a liberalizing economy

Subtitle:
an econometric analysis for Kenya
Abstract:

This thesis develops empirical econometric models of the private sector aggregate demand for real and financial assets in Kenya over the period 1973 to 1990. Single-equation error-correction models of the demand for money are estimated using systems cointegration methods developed by Johansen (1988). The models are found to be statistically stable functions throughout the period, and are capable of encompassing existing studies. Across a range of monetary aggregates, including a Divisia i...

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Institution:
University of Oxford
Oxford college:
Nuffield College
Department:
Faculty of Social Studies
Role:
Author
Publication date:
1992
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford
Barcode:
604788292
URN:
uuid:037dcc1e-edff-4096-89cb-6d24a70742d8
Local pid:
td:604788292

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