Money Demand in China: A Meta Study

被引：3

作者：

El-Shagi, Makram ^{[1
,2
]}

Zheng, Yizhuang ^{[1
]}

机构：

[1] Henan Univ, Ctr Financial Dev & Stabil, Kaifeng, Peoples R China

[2] Halle Inst Econ Res, Dept Macroecon, Halle, Germany

来源：

EMERGING MARKETS FINANCE AND TRADE | 2022年 / 58卷 / 01期

关键词：

China; income elasticity; money demand; stability meta-analysis; INCOME ELASTICITY; ERROR-CORRECTION; PRICE-LEVEL; COINTEGRATION; METAANALYSIS; POLICY;

D O I：

10.1080/1540496X.2019.1643317

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we reexamine the literature on money demand in China published both in English and Chinese language. Over the past 30 years, there has been a regular stream of papers assessing the Chinese money demand function. The literature mostly focuses on income elasticity, stability, and, especially important for China, the adequate choice and quality of data. In particular, regarding the stability of money demand, we find a substantial publication bias towards rejecting stability. When controlling for publication bias and focusing on longer time periods, our paper strongly suggests a stable long-run money demand in China.

引用

页码：145 / 163

页数：19

共 49 条

[1]

Baharumshah A.Z., 2009, Journal of International Financial Markets, Institutions and Money, V19, P171

[2] German monetary unification and the stability of the German M3 money demand function [J].