"Financial Innovations and the Interest Elasticity of Money Demand in C" by Abdur Chowdhury
 

Financial Innovations and the Interest Elasticity of Money Demand in Canada

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.

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