Estimation of money demand function for reserve money in Serbia
This paper examines the relevance of the function of demand for reserve money in the Republic of Serbia in the period from January 2002 to December 2015 (168 monthly observations). Our research showed positive and statistically significant coefficients for variables gross domestic product at constan...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Economics institute, Belgrade
2016-01-01
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| Series: | Industrija |
| Subjects: | |
| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2016/0350-03731604141V.pdf |
| _version_ | 1819094056244871168 |
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| author | Vuković Marija Miletić Ljiljana Maravić Jelena |
| author_facet | Vuković Marija Miletić Ljiljana Maravić Jelena |
| author_sort | Vuković Marija |
| collection | DOAJ |
| description | This paper examines the relevance of the function of demand for reserve money in the Republic of Serbia in the period from January 2002 to December 2015 (168 monthly observations). Our research showed positive and statistically significant coefficients for variables gross domestic product at constant prices and deposit interest rates. The model showed the expected and significant sign for inflation that is a negative correlation between inflation and demand for reserve money. The research results suggest that increase of expected inflation by 1%, with the other variables unchanged, will reduce demand for reserve money for 754 million RSD. The higher the expected inflation, the more pronounced is the recourse to real forms of assets. |
| first_indexed | 2024-12-21T23:21:20Z |
| format | Article |
| id | doaj.art-f5d3047c516c4965a73f923235003a1f |
| institution | Directory Open Access Journal |
| issn | 0350-0373 2334-8526 |
| language | English |
| last_indexed | 2024-12-21T23:21:20Z |
| publishDate | 2016-01-01 |
| publisher | Economics institute, Belgrade |
| record_format | Article |
| series | Industrija |
| spelling | doaj.art-f5d3047c516c4965a73f923235003a1f2022-12-21T18:46:47ZengEconomics institute, BelgradeIndustrija0350-03732334-85262016-01-0144414115710.5937/industrija44-119520350-03731604141VEstimation of money demand function for reserve money in SerbiaVuković Marija0Miletić Ljiljana1Maravić Jelena2Novi Sad Business SchoolUniversity EDUCONS, Sremska Kamenica, Sremska Kamenica, SerbiaNational Bank of SerbiaThis paper examines the relevance of the function of demand for reserve money in the Republic of Serbia in the period from January 2002 to December 2015 (168 monthly observations). Our research showed positive and statistically significant coefficients for variables gross domestic product at constant prices and deposit interest rates. The model showed the expected and significant sign for inflation that is a negative correlation between inflation and demand for reserve money. The research results suggest that increase of expected inflation by 1%, with the other variables unchanged, will reduce demand for reserve money for 754 million RSD. The higher the expected inflation, the more pronounced is the recourse to real forms of assets.http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2016/0350-03731604141V.pdfdemand for reserve moneyinflationgross domestic product |
| spellingShingle | Vuković Marija Miletić Ljiljana Maravić Jelena Estimation of money demand function for reserve money in Serbia Industrija demand for reserve money inflation gross domestic product |
| title | Estimation of money demand function for reserve money in Serbia |
| title_full | Estimation of money demand function for reserve money in Serbia |
| title_fullStr | Estimation of money demand function for reserve money in Serbia |
| title_full_unstemmed | Estimation of money demand function for reserve money in Serbia |
| title_short | Estimation of money demand function for reserve money in Serbia |
| title_sort | estimation of money demand function for reserve money in serbia |
| topic | demand for reserve money inflation gross domestic product |
| url | http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2016/0350-03731604141V.pdf |
| work_keys_str_mv | AT vukovicmarija estimationofmoneydemandfunctionforreservemoneyinserbia AT mileticljiljana estimationofmoneydemandfunctionforreservemoneyinserbia AT maravicjelena estimationofmoneydemandfunctionforreservemoneyinserbia |