The black market exchange rate and demand for money in Iran

被引：51
|
作者：
BahmaniOskooee, M
机构：
[1] University of Wisconsin-Milwaukee, Milwaukee, WI
来源：
JOURNAL OF MACROECONOMICS | 1996年 / 18卷 / 01期
关键词：
D O I：
10.1016/S0164-0704(96)80010-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using the Johansen-Juselius cointegration analysis and exclusion test, this paper demonstrates that in a country where there is a black market for foreign currencies, it is the black market exchange rate and not the official rate that should enter into the formulation of the demand for money. Iranian data over 1959-1990 period are employed to demonstrate this point.
引用
收藏
页码：171 / 176
页数：6
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