It takes the average reader and 27 minutes to read Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico by Ms.May Y. Khamis
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The paper finds strong evidence that real currency demand in Mexico remained stable throughout and after the financial crisis in Mexico. Cointegration analysis using the Johansen-Juselius technique indicates a strong cointegration relationship between real currency balances, real private consumption expenditures, and the interest rate. The dynamic model for real currency demand exhibits significant parameter constancy even after the financial crisis as indicated by a number of statistical tests. The paper concludes that the significant reduction in real currency demand under the financial crisis in Mexico could be appropriately explained by the change in the variables that historically explained the demand for real cash balances in Mexico. This result supports the Bank of Mexico’s use of a reserve money program to implement monetary policy under the financial crisis.
Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico by Ms.May Y. Khamis is 27 pages long, and a total of 6,939 words.
This makes it 9% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 37 minutes to read Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico aloud.
Can Currency Demand Be Stable Under a Financial Crisis? the Case of Mexico is suitable for students ages 8 and up.
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