DEMAND FOR MONEY IN KAZAKHSTAN: 2000-2007

被引：0
|
作者：
Yilmaz, Mesut [1 ]
Oskenbayev, Yessengali [2 ]
Kanat, Abdulla [3 ,4 ]
机构：
[1] Suleyman Demirel Univ, Dept Econ, Alma Ata, Kazakhstan
[2] Res Dev Ctr, D-53111 Bonn, Germany
[3] Natl Analyt Ctr Govt, Alma Ata, Kazakhstan
[4] Natl Bank Kazakhstan, Alma Ata, Kazakhstan
来源：
ROMANIAN JOURNAL OF ECONOMIC FORECASTING | 2010年 / 13卷 / 01期
关键词：
demand for money; currency substitution; reversed dollarization; Kazakhstan; CURRENCY SUBSTITUTION; IDENTIFICATION; COINTEGRATION; ECONOMIES; SELECTION; ORDER; MODEL;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper aims to investigate the demand for money in Kazakhstan. This study covers the period starting from 2000:01, when capital liberalization program was launched and the National Bank approved managed float regime (the National Bank employed adjustable exchange rate regime before exchange rate crisis in Kazakhstan in 1999) to 2007:12 as recent available data for investigation variables. In order to achieve the goal we set demand for money function is estimated using cointegration methodology aimed for variables integrated of order one. The results show important key factors for controlling money demand could be applied by the National Bank of Kazakhstan. Besides, there was reversal of currency in Kazakhstan over the period under investigation.
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页码：118 / 129
页数：12
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