Understanding Money Demand in the Transition from a Centrally Planned to a Market Economy

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Delatte, Anne-Laure; Fouquau, Julien; Holz, Carsten;
  • Subject: Chinese economy; cointegration; complementary hyopthesis; money demand; seasonal unit root
    • jel: jel:C51 | jel:E41 | jel:O11 | jel:P24 | jel:P52

Fundamental changes in institutions during the transition from a centrally planned to a market economy present a formidable challenge to monetary policy decision makers. For the case of China, we examine the institutional changes in the monetary system during the proces... View more
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