Economics, Econometrics and Finance
8 years ago

Market-based interest rates crucial in understanding money demand in China.

Huadong jingji guanli
Empirical Analysis on Demand for Money Function in China
Yongliang Zhao

Paper Summary

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The article analyzes how people in China decide how much money to hold by looking at interest rates. The researchers found that the market-based interest rate is an important factor in determining the cost of holding money.