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THE ECONOMETRIC ANALYSIS OF FACTORS AFFECTING MONEY DEMAND IN MONGOLIA
Journal: The Way of Science (Vol.1, No. 51)Publication Date: 2018-05-31
Authors : Bolor-Erdene O.;
Page : 55-58
Keywords : money demand; monetary aggregates; econometric model; "Partial adjustment" model; GDP; interest rate on long-term deposits; exchange rate.;
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Abstract
The effective monetary policy of country depends on the money demand and as the basis of macroeconomic stabilization is the determining factor of economic growth. The author used the model of "Partial correction" to assess the money demand. At the same time, the form of the function of money demand was chosen from a variety of options, an econometric analysis was conducted and the dynamics of demand and supply for money in Mongolia was studied.
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Last modified: 2018-11-13 19:03:49