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Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates
M. Aynul Hasan, S. Ghulam Kadir and S. Fakhre Mahmud
The Pakistan Development Review
Vol. 27, No. 3 (Autumn 1988), pp. 317-326
Published by: Pakistan Institute of Development Economics, Islamabad
Stable URL: http://www.jstor.org/stable/41259051
Page Count: 10
You can always find the topics here!Topics: Monetary aggregates, Money demand, Monetary liabilities, Liquidity, Income elasticity of demand, Economic inflation, Economic models, Economic research, Modeling, Economics
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This paper's main objective is to empirically investigate whether or not the use of the simple-sum aggregate is justified in the context of Pakistan's economy and also to determine the degree of substitutability of monetary assets.
The Pakistan Development Review © 1988 Pakistan Institute of Development Economics, Islamabad