It takes the average reader and 40 minutes to read The Demand for Money in Developing Countries by Mr.Peter Wickham
Assuming a reading speed of 250 words per minute. Learn more
Traditional specifications of money demand have been commonly plagued by persistent overprediction, implausible parameter estimates, and highly autocorrelated errors. This paper argues that some of those problems stem from the failure to account for the impact of financial innovation. We estimate money demand for ten developing countries employing various proxies for the innovation process and provide an assessment of the relative importance of this variable. We find that financial innovation plays an important role in determining money demand and its fluctuations, and that the importance of this role increases with the rate of inflation.
The Demand for Money in Developing Countries by Mr.Peter Wickham is 40 pages long, and a total of 10,000 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read The Demand for Money in Developing Countries aloud.
The Demand for Money in Developing Countries is suitable for students ages 8 and up.
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