Demand for broad money in Singapore: does wealth matter?
We present a stable long-run relationship between real money balances and its determinants, including asset prices, to capture wealth effects. The major findings are, first, asset (housing) prices have a noticeable, positive, and a significant effect on the demand for broad money in Singapore. Devel...
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| Main Authors: | , |
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| Format: | Article |
| Published: |
Springer
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/44251/ https://link.springer.com/article/10.1007/s12197-013-9267-x |
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