Money-income-prices nexus in Korea.
Using Geweke’s approach to Wiener-Granger Causality, money supply is found to be determinantly passive in Korea under the target-band-managed exchange rate regime. Administered interest rate and credit control rendered targeting of monetary aggregates futile as evidenced by strong unidirectional cau...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/52990 |