The information content of alternative monetary aggregates simple-sum versus divisia money in selected Asian countries
The use of Divisia monetary aggregate has been proposed in the economic literature to take into account the different degrees of liquidity of the interest-bearing financial assets included in defining ?money?. Despite the theoretical implication of the Divisia approach as an appropriate measurement o...
| Published in: | The Philippine Review of Business and Economics Vol. XXXV, No. 2 (December 1998), p. 140-176. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
1998
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