Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212681 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 13/2010
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
We examine wealth effects for Russian money demand in a cointegrated vector autoregressive framework. We find that an aggregate wealth variable, as well as the components housing and equity prices included separately, significantly enter the long-run money demand relationship. There are feedback effects from money to wealth. However, the remonetization process lead to high income elasticities even when wealth is included in the model. System instability coincides with the arrival of the global financial crisis in late 2008.
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-462-688-0
Dokumentart: 
Working Paper

Datei(en):
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