TAILIEUCHUNG - An analysis of demand for money in the Lao people’s democratic republic

An analysis of demand for money in the Lao People’s Democratic Republic. This paper is aimed at exploring the dy namic relationship between money bal- ance and four other macroeconomic variables: real GDP, expected inflation, exchange rates, domestic andforeign interest rates by modeling and testing for sta- bility of money demand functions in the Lao People’s emocratic Rep ublic (PDR) during the p eriod. | Journal of Economics and Development Vol. 14, , December 2012, pp. 47 - 62 ISSN 1859 0020 An Analysis of Demand for Money in the Lao People’s Democratic Republic Tran Tho Dat National Economics University, Vietnam Email: tranthodat@ Ha Quynh Hoa National Economics University, Vietnam Somphao Phaysith Bank of the Lao PDR, Laos Abstract This paper is aimed at exploring the dynamic relationship between money balance and four other macroeconomic variables: real GDP, expected inflation, exchange rates, domestic and foreign interest rates by modeling and testing for stability of money demand functions in the Lao People’s Democratic Republic (PDR) during the period of 1993:Q1-2010:Q2. Demands for narrow money, broad money and board money in foreign currencies were estimated. The estimated results suggested that all demand functions are stable. They can be intermediate targets of the Bank of the Lao PDR. The substantial results point out: (i) there is an evidence of ample influence of exchange rates and interest rate on money balances in the Lao PDR; (ii) expected inflation indicates the effect of high inflation episodes on money balances, especially in terms of foreign currency, and (iii) the local currency, the Kip, is used predominantly for transaction purposes rather than foreign currencies. Keywords: Demand for money, long-run relationship, narrow money, broad money, error correction model. Journal of Economics and Development 47 Vol. 14, , December 2012 1. Introduction opened for more than one year. The financial market is developing within a limited scope. Credit is limited and meets only 15 percent of the requirements with high nonperforming loans. The Lao economy is also partially dollarized. The total amount of foreign currency deposits to broad money was percent in 1992 and 55 percent to the end 2011. Demand for money plays a major role in macroeconomic analysis, especially in selecting appropriate monetary policy .

• Quản lý Nhà nước
• An analysis
• Demand for money
• The Lao People’s democratic Republic
• Democratic Republic
• Expected inflation
• Introduction to Thermal Analysis Methods
• Thermal Analysis used
• Thermal Analysis
• Thermal Gravimetric Analysis
• Differential Thermal Analysis
• Differential Scanning Calorimetry
• Chromatographic analysis
• Environmental analysis
• Food toxicants analysis
• Heterocyclic amine mutagens carcinogens
• Analysis of nitrosamines
• Intraocular pressure
• Meta analysis
• Meta analysis and trial sequential analysis
• Trial sequential analysis
• Increased intraocular pressure
• Tensile properties of cooked meat sausages
• Physico chemical analysis
• Textural analysis
• Statistical analysis
• Financial statement analysis
• Analyzing operating activities
• Cash flow analysis
• Profitability analysis
• Prospective analysis
• Credit analysis
• Trace Element Analysis
• Food
• Preparation Techniques
• Analytical Chemistry
• chemical analysis
• the overall chemical analysis
• chemical analysis of materials
• Chemometric Techniques
• Quantitative Analysis
• VITAMINS IN FOODS Analysis
• Bioavailability
• and Stability
• FOOD PROTEIN ANALYSIS Quantitative Effects on Processing
• how to use excel in analytical chemistry and in general scientific data analysis
• Multimodal discourse analysis
• Multimodal discourse
• Discourse analysis
• Analysis the picture
• Interpersonal meaning
• Financial statement
• Lecture Financial statement analysis
• Business analysis
• Financial statement analysis techniques
• Efficient market
• Structural analysis
• Basic principles of structural analysis
• The analysis of statically determinate
• Indeterminate beams
• Rigid frames
• The matrix analysis of structures
• Applied multivariate statistical analysis
• Multivariate analysis
• Multivariate linear regression models
• Canonical correlation analysis
• Distance methods
• Principal component analysis
• Genetic diversity
• Principal component analysis approach
• Genetic diversity analysis
• Brinjal (Solanum melongena L
• Cost Effectiveness analysis
• Cost Benefit Analysis
• Theoretical view of Cost Effectiveness Analysis
• CBA applicability for business
• Cost effectiveness and cost benefit studies
• Comparative analysis
• Horizontal analysis
• Ratio analysis
• Accounting principles
• Lecture Accounting principles
• Nguyên lý kế toán
• Correlation and path analysis
• Path analysis
• Path analysis study in Dolichos bean
• Genotypic correlations coefficient of yield
• Spatial pattern analysis
• Co localization analysis
• Interaction analysis
• Image analysis
• PALM single molecule microscopy
• Business analysis professional
• Strategy Analysis
• Requirements Analysis
• Requirements Life Cycle Management
• Business Analysis Planning
• BMC Genomics
• Ancestry inference
• Spatial analysis
• Inverse distance weighted interpolation
• Lecture Design and Analysis of Algorithms
• Bài giảng Thiết kế và phân tích thuật toán
• Analysis of Algorithms
• Design of Algorithms
• Running Time Analysis
• Analysis of 2 d Maxima
• Basic engineering circuit analysis
• Electric circuit analysis
• Electrical and computer engineering
• AC steady state analysis
• Steady state power analysis
• Magnetically coupled networks
• Software testing
• Software analysis
• Software testing and analysis
• Software process
• Software product
• Automating analysis