Arbeitspapier
A direct test of the endogeneity of money: implications for Gulf Cooperation Council (GCC) countries
This paper contributes to the ongoing discussion about the endogeneity of money supply by empirically investigating the GCC countries. We propose and implement a direct test of money supply endogeneity that depends on econometric specification of exogeneity. To be able to make comparisons with previous studies in the literature, we also conducted Granger Causality tests to analyze the causality relationship between bank credit and money supply. Both of the empirical studies provide empirical evidence for the endogeneity of money supply in GCC countries. The results of the paper have many significant monetary policy implications for the upcoming monetary unification of the GCC countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 2010/5
- Klassifikation
-
Wirtschaft
- Thema
-
Geldmenge
Bankgeschäft
Geldpolitik
Arabische Golf-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Tas, Bedri Kamil Onur
Togay, Selahattin
- Ereignis
-
Veröffentlichung
- (wer)
-
Turkish Economic Association
- (wo)
-
Ankara
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Tas, Bedri Kamil Onur
- Togay, Selahattin
- Turkish Economic Association
Entstanden
- 2010
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