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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Paper ; No. 2010/5
- Classification
-
Wirtschaft
- Subject
-
Geldmenge
Bankgeschäft
Geldpolitik
Arabische Golf-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Tas, Bedri Kamil Onur
Togay, Selahattin
- Event
-
Veröffentlichung
- (who)
-
Turkish Economic Association
- (where)
-
Ankara
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Tas, Bedri Kamil Onur
- Togay, Selahattin
- Turkish Economic Association
Time of origin
- 2010
Other Objects (12)
Economic Analysis and Evaluation of the Gulf Cooperation Council (GCC)
Economic analysis and evalution of the Gulf Cooperation Council (GCC)
Foreign higher education institutes in Gulf Cooperation Council (GCC) countries
Foreign higher education institutes in Gulf Cooperation Council (GCC) countries
Diagnosis and Management of Hypothyroidism in Gulf Cooperation Council (GCC) Countries
Water security in the Gulf Cooperation Council (GCC) countries: challenges and opportunities
Investor herds and oil prices evidence in the Gulf Cooperation Council (GCC) equity markets
Unmet Needs of Patients Living with Migraine in the Gulf Cooperation Council (GCC) Countries
The endogeneity of money and the eurosystem
Industrialisierung in den Mitgliedstaaten des Gulf Cooperation Council (GCC) : die wirtschaftlichen Folgen für die Industrieländer
Accounting information quality and tax avoidance effect on investment opportunities evidence from Gulf Cooperation Council GCC
Instruments of energy subsidy reforms in Arab countries: The case of the Gulf Cooperation Council (GCC) countries
Economic Analysis and Evaluation of the Gulf Cooperation Council (GCC)
Economic analysis and evalution of the Gulf Cooperation Council (GCC)
Foreign higher education institutes in Gulf Cooperation Council (GCC) countries
Foreign higher education institutes in Gulf Cooperation Council (GCC) countries
Diagnosis and Management of Hypothyroidism in Gulf Cooperation Council (GCC) Countries
Water security in the Gulf Cooperation Council (GCC) countries: challenges and opportunities
Investor herds and oil prices evidence in the Gulf Cooperation Council (GCC) equity markets
Unmet Needs of Patients Living with Migraine in the Gulf Cooperation Council (GCC) Countries
The endogeneity of money and the eurosystem
Industrialisierung in den Mitgliedstaaten des Gulf Cooperation Council (GCC) : die wirtschaftlichen Folgen für die Industrieländer
Accounting information quality and tax avoidance effect on investment opportunities evidence from Gulf Cooperation Council GCC
Instruments of energy subsidy reforms in Arab countries: The case of the Gulf Cooperation Council (GCC) countries
Economic Analysis and Evaluation of the Gulf Cooperation Council (GCC)
Economic analysis and evalution of the Gulf Cooperation Council (GCC)
Foreign higher education institutes in Gulf Cooperation Council (GCC) countries
Foreign higher education institutes in Gulf Cooperation Council (GCC) countries
Diagnosis and Management of Hypothyroidism in Gulf Cooperation Council (GCC) Countries
Water security in the Gulf Cooperation Council (GCC) countries: challenges and opportunities
Investor herds and oil prices evidence in the Gulf Cooperation Council (GCC) equity markets
Unmet Needs of Patients Living with Migraine in the Gulf Cooperation Council (GCC) Countries
The endogeneity of money and the eurosystem
Industrialisierung in den Mitgliedstaaten des Gulf Cooperation Council (GCC) : die wirtschaftlichen Folgen für die Industrieländer
Accounting information quality and tax avoidance effect on investment opportunities evidence from Gulf Cooperation Council GCC