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dc.contributor.advisor Blanco, Herminio A.
dc.creatorPhilippou, Andreas A.
dc.date.accessioned 2018-12-18T21:20:56Z
dc.date.available 2018-12-18T21:20:56Z
dc.date.issued 1983
dc.identifier.urihttps://hdl.handle.net/1911/104321
dc.description Text includes handwritten formulas
dc.description.abstract This thesis explores the nature of the demand and supply of money through the use of econometric tools. The interest rates are fixed in Cyprus and, therefore, an alternative way of measuring the cost of holding money has to be used. The tests show that the expected rate of inflation is the best substitute. Money demand is found to be a function of income, money stock in the previous period and the expected rate of inflation. Testing of the supply equation shows that the money multiplier is stable over time. Both equations are stable and have good forecasting ability. Finally, the joint estimation of supply and demand yields more efficient estimators than those found by estimating the equations individually.
dc.format.extent 67 pp
dc.language.iso eng
dc.title Empirical evidence on the demand and supply of money; the case of Cyprus
dc.identifier.digital RICE1953
dc.contributor.committeeMember Smith, Gordon W.;Soligo, Ronald
dc.type.genre Thesis
dc.type.material Text
thesis.degree.department Economics
thesis.degree.discipline Social Sciences
thesis.degree.grantor Rice University
thesis.degree.level Masters
thesis.degree.name Master of Arts
dc.format.digitalOrigin reformatted digital
dc.identifier.callno Thesis Econ. 1983 Philippou
dc.identifier.citation Philippou, Andreas A.. "Empirical evidence on the demand and supply of money; the case of Cyprus." (1983) Master’s Thesis, Rice University. https://hdl.handle.net/1911/104321.


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