Redirigiendo al acceso original de articulo en 21 segundos...
ARTÍCULO
TITULO

The Relationship between Elastic Money Growth and Prices in Countries with the Largest Money Stock: An Econometric Review

Farah Durani    

Resumen

The main objective of this paper is to examine the relationship between money expansion and inflation rates and asset price fluctuations across countries charged with highest money creation. The U.S.A, India, China and Japan reported with highest money stock in the world are studied for about 55 years. This research considers the monthly data of M2, the CPI, Stock Index Values and Real Estate values in the stated countries. Johansen?s Cointegration test indicates that a long term equilibrium relationship is seen between Money supply and inflation rates and Money Supply and Asset Prices in all the four countries except India where Money Supply is not significantly cointegrated with the asset prices. Granger causality test results offer no definite inference, in China and Japan causality is mostly not established between the variables, however in the U.S.A and India significant causal relationship is seen.Keywords:  Causality, Co-integration, Money Supply, Inflation, Asset Prices, Stock Indices, Real Estate IndicesJEL Classifications: C3; E300

 Artículos similares

       
 
Elwasila Saeed Elamin Mohamed     Pág. 87 - 98
This study explores the linkages between velocity of money and economic growth in Sudan using conitegration and error correction methods in the context of the quantity theory of money QTM without inclusion of institutional factors. Cointegration analysis... ver más

 
Omer Ahmed Sayed Mohamed,Faiza Omer Mohammed Elmahgop     Pág. 209 - 215
This study investigates asymmetry in the effect of the exchange rate on the Sudanese stock market prices. We applied the Nonlinear ARDL model by Shin et al. (2014) to monthly data for the period from September 2003 to September 2019, using inflation, mon... ver más

 
Omer Allagabo Omer Mustafa     Pág. 64 - 68
Through a regression model, the study highlighted the role of the banking finance and monetary policy in enhancing human development index (HDI) in Sudan during the period (1999-2018). The descriptive analytical approach was used to achieve the objective... ver más

 
Jeerawadee Pumjaroen,Preecha Vichitthamaros,Yuthana Sethapramote     Pág. 47 - 57
The study proposes a partial least squares structural equation modeling (PLS-SEM) evaluating the relationship among composite leading indices (CLIs) to forecast the economic cycle (EC) instead of using only individual CLI. The model of quarterly data in ... ver más

 
Stelios Bekiros and Christos Avdoulas    
We examined the dynamic linkages among money market interest rates in the so-called ?BRICS? countries (Brazil, Russia, India, China, and South Africa) by using weekly data of the overnight, one-, three-, and six- months, as well as of one year, Treasury ... ver más
Revista: Forecasting