Degree Name
Master of Arts (MA)
Semester of Degree Completion
1996
Thesis Director
William V. Weber
Abstract
This paper provides an estimation of the money demand in China using a basic theoretical framework based on the quantity theory of money. Besides conventional independent variables included in the quantity theory of money, both the expected rate of inflation (serving as the measure of the opportunity cost of holding money) and the extent of monetization in China (serving as an institutional variable) are included in the money demand function. It is supposed that changes in the demand for money in China between 1952 to 1989 were highly correlated with the institutional shifts in monetary sector.
Recommended Citation
Wu, Jiang, "Money Demand Determination in China" (1996). Masters Theses. 1876.
https://thekeep.eiu.edu/theses/1876
