Abstract
States that the change in the currency deposit ratio is determined by aggregate economic variables and that the widely accepted notion that periods of disturbance lead to an increase in the currency deposit ratio should not be accepted without specific empirical validation of the hypothesis. Results suggest that some periods of instability actually lead to a decline of the currency deposit ratio. Provides a brief review of the literature pertaining to the currency deposit ratio, with particular reference to developing countries, presents three models of the currency deposit ratio, and presents and discusses the empirical results. -from Authors
| Original language | English (US) |
|---|---|
| Pages (from-to) | 358-372 |
| Number of pages | 15 |
| Journal | Journal of Developing Areas |
| Volume | 22 |
| Issue number | 3 |
| State | Published - 1988 |
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development