Financial Innovations and the Interest Elasticity of Money Demand in Canada

Authors

Abdur Chowdhury, Marquette UniversityFollow

Document Type

Article

Language

eng

Format of Original

6 p.

Publication Date

11-1989

Publisher

Elsevier

Source Publication

Economics Letters

Source ISSN

0165-1765

Abstract

Using Canadian data for the period 1934-86, the paper empirically tests the Gurley-Shaw hypothesis that innovations in the financial markets raise the interest elasticity of money demand. The results provide sufficient evidence to reject the Gurley-Shaw hypothesis in Canada.

Comments

Accepted version.Economic Letters, Vol. 31, No. 1 (November 1989): 43-48. DOI. Published under Creative Commons license Attribution-NonCommercial-NoDerivatives 4.0 International.

Recommended Citation

Chowdhury, Abdur, "Financial Innovations and the Interest Elasticity of Money Demand in Canada" (1989). Economics Faculty Research and Publications. 345.
https://epublications.marquette.edu/econ_fac/345