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An investigation on the transaction motivation and the speculative motivation of the demand for money in Sri Lanka

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dc.contributor.author Mallikahewa, S.N.K.
dc.contributor.author De Silva, Nadeeka
dc.date.accessioned 2015-09-22T05:02:02Z
dc.date.available 2015-09-22T05:02:02Z
dc.date.issued 2013-07-06
dc.identifier.citation Proceedings of the Third International Symposium 2013, pp. 9-15
dc.identifier.issn 9789556270426
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/637
dc.description.abstract The main objective of this study is to empirically investigate the transaction (income elasticity) and speculative motivations (interest rate elasticity) of the demand for money in the Sri Lankan context and to examine its stability. The study employed the use of cointegration test over the 1977 to 2009, to estimate long run relationship between money demand and its determinants: real income and interest rate. The study found out that money demand function is stable in Sri Lanka for the sample period. The income is the most significant factor of the demand for money, and it makes a powerful positive impact on real money demand. Interest rate is positively related with real money demand and significant, but not consistent with existing theories. Demand for Money on transaction motivation is larger than its speculative motivation in the Sri Lankan context. en_US
dc.language.iso en_US en_US
dc.publisher South Eastern University of Sri Lanka en_US
dc.subject Real Money Balance en_US
dc.subject Income Elasticity en_US
dc.subject Interest Elasticity en_US
dc.subject Transaction Motivation en_US
dc.subject Speculative Motivation en_US
dc.subject Cointegration Methodology en_US
dc.title An investigation on the transaction motivation and the speculative motivation of the demand for money in Sri Lanka en_US
dc.type Full paper en_US


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