Modelling Opportunity Cost Effects in Money Demand due to Openness
(2020)
Journal Article
van Huellen, S., Qin, D., Lu, S., Wang, H., Wang, Q. C., & Moraitis, T. (2022). Modelling Opportunity Cost Effects in Money Demand due to Openness. International Journal of Finance & Economics, 27(1), 697-744. https://doi.org/10.1002/ijfe.2175
We apply a novel model-based approach to constructing composite international financial indices (CIFIs) as measures of opportunity cost effects that arise due to openness in money demand models. These indices are tested on the People’s Republic of Ch... Read More about Modelling Opportunity Cost Effects in Money Demand due to Openness.