Determinant of Money demand in India
This study empirically examined the Money demand in India to find the stability of money demand between narrow money M1, M2 and Broad money M3 as a prerequisite for achieving sound monetary policy. The monthly data from January 2006 to July 2016 were used for this studies. To determine the relations...
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| Format: | Article |
| Language: | English |
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Niali Field Consultancy and Training (NFCT)
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/61413/ http://psasir.upm.edu.my/id/eprint/61413/1/Determinant%20of%20Money%20demand%20in%20India.pdf |
| _version_ | 1848854404354015232 |
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| author | Zannah, Mohammmed Ramly, Ashadi Mahat, Fauziah |
| author_facet | Zannah, Mohammmed Ramly, Ashadi Mahat, Fauziah |
| author_sort | Zannah, Mohammmed |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study empirically examined the Money demand in India to find the stability of money demand between narrow money M1, M2 and Broad money M3 as a prerequisite for achieving sound monetary policy. The monthly data from January 2006 to July 2016 were used for this studies. To determine the relationship between the variables and the stability of the money in India, the study employed Autoregressive Distributed Lag (ARDL) method to analysis the data. The result shows that both narrow (M1, M2) and broad money (M3) are co-integrated with the determinants however it is not significant in long run, except for income as the key factor influences the broad money. Applying CUSUM & CUSUMSQ, the parameter stability test yield that narrow and broad money demand are stable for India. |
| first_indexed | 2025-11-15T11:09:20Z |
| format | Article |
| id | upm-61413 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:09:20Z |
| publishDate | 2017 |
| publisher | Niali Field Consultancy and Training (NFCT) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-614132018-05-22T02:40:12Z http://psasir.upm.edu.my/id/eprint/61413/ Determinant of Money demand in India Zannah, Mohammmed Ramly, Ashadi Mahat, Fauziah This study empirically examined the Money demand in India to find the stability of money demand between narrow money M1, M2 and Broad money M3 as a prerequisite for achieving sound monetary policy. The monthly data from January 2006 to July 2016 were used for this studies. To determine the relationship between the variables and the stability of the money in India, the study employed Autoregressive Distributed Lag (ARDL) method to analysis the data. The result shows that both narrow (M1, M2) and broad money (M3) are co-integrated with the determinants however it is not significant in long run, except for income as the key factor influences the broad money. Applying CUSUM & CUSUMSQ, the parameter stability test yield that narrow and broad money demand are stable for India. Niali Field Consultancy and Training (NFCT) 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/61413/1/Determinant%20of%20Money%20demand%20in%20India.pdf Zannah, Mohammmed and Ramly, Ashadi and Mahat, Fauziah (2017) Determinant of Money demand in India. Qualitative and Quantitative Research Review, 2 (2). 31 - 53. ISSN 2462-1978; ESSN: 2462-2117 http://qqrr.nfct.co.uk/index.php/qqrr/article/view/86 |
| spellingShingle | Zannah, Mohammmed Ramly, Ashadi Mahat, Fauziah Determinant of Money demand in India |
| title | Determinant of Money demand in India |
| title_full | Determinant of Money demand in India |
| title_fullStr | Determinant of Money demand in India |
| title_full_unstemmed | Determinant of Money demand in India |
| title_short | Determinant of Money demand in India |
| title_sort | determinant of money demand in india |
| url | http://psasir.upm.edu.my/id/eprint/61413/ http://psasir.upm.edu.my/id/eprint/61413/ http://psasir.upm.edu.my/id/eprint/61413/1/Determinant%20of%20Money%20demand%20in%20India.pdf |