The demand for money in developing countries: Assessing the role of financial innovation

Co-Integration and Error Correction: Representation, Estimation, and Testing

1987 • 30,456 citations

MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY

1990 • 14,144 citations

Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root

1981 • 14,059 citations

Forecasting and testing in co-integrated systems

1987 • 1,885 citations

Studies in the Quantity Theory of Money.

1957 • 865 citations

Anticipated inflation and the capital stock in a cash in-advance economy

1981 • 809 citations

Money in a theory of finance

1960 • 716 citations

Functional equivalence between liquidity costs and the utility of money

1986 • 631 citations

On the Theory of Testing for Unit Roots in Observed Time Series

1986 • 624 citations

The Case of the Missing Money

1976 • 554 citations

Serial Correlation as a Convenient Simplification, not a Nuisance: A Comment on a Study of the Demand for Money by the Bank of England

2000 • 439 citations

The Search for a Stable Money Demand Function: A Survey Of the Post-1973 Literature

2016 • 408 citations

Estimation in the Presence of Stochastic Parameter Variation

1976 • 308 citations

The demand for money

1990 • 291 citations

The Demand for Money in the United States: Evidence from Cointegration Tests

1991 • 289 citations

Monetary Dynamics: An Application of Cointegration and Error-Correction Modeling

1991 • 264 citations

Money Demand and the Effects of Fiscal Policies

1986 • 251 citations

Long-Run Income and Interest Elasticities of Money Demand in the United States

1991 • 178 citations

Dollarization in Latin America: Gresham's Law in Reverse?

1992 • 158 citations

An Adaptive Regression Model

1973 • 134 citations

The optimal inflation tax when money reduces transactions costs

1993 • 103 citations

Transactions Costs and the Demand for Money

2016 • 98 citations

The Long-run Behavior of Velocity: The institutional approach revisited

1990 • 74 citations

Income Velocity and Institutional Change: Some New Time Series Evidence, 1870-1986

1993 • 72 citations

Money Demand Predictability

1985 • 66 citations

The Long-Run behavior of the Velocity of Circulation: The International Evidence.

1988 • 62 citations

Tests of an Adaptive Regression Model

1973 • 60 citations

The Transactions Demand for Money and Technological Change

1977 • 59 citations

The Long-Run Behavior of the Velocity of Circulation: The International Evidence

1989 • 57 citations

Optimal Inflation Tax under Precommitment: Theory and Evidence

1992 • 55 citations

Financial Innovation and Money Demand: Application to Chile and Mexico

1993 • 54 citations

A dynamic model of the demand for currency: Argentina 1977–1988

1992 • 51 citations

Seigniorage in Europe

1988 • 36 citations

Money: Theoretical Analysis of the Demand for Money

1987 • 35 citations

The Demand for Money in Argentina 1978–1987: Before and After the Austral Program

1990 • 35 citations

Currency Substitution and Financial Innovation

1993 • 29 citations

Financial Services, Cointegration, and the Demand for Money in Israel

1995 • 22 citations

The demand for money in Brazil

1989 • 22 citations

SOME ESSENTIAL DIFFERENCES IN THE DEMAND FOR MONEY BY HOUSEHOLDS AND BY FIRMS

1975 • 20 citations

Targeting Nominal Income in a Dynamic Model

1990 • 14 citations

Welfare Costs of Inflation, Seigniorage, and Financial Innovation

1991 • 13 citations

Money Demand in a High Inflation Economy: The Case of Israel

1994 • 13 citations

Financial innovation and money demand: theory and empirical implementation

1991 • 13 citations

Financial changes and interest elasticity of money demand: Further tests of the Gurley and Shaw thesis

1986 • 11 citations

Issues in Recent Banking Crises in Developing Countries

1990 • 7 citations

The Persistence of Interest-Rate Effects on the Demand for Currency: Note

1983 • 6 citations