Conventionally, the money demand function is estimated using a regression of the logarithm of money demand on either the interest rate or the logarithm of the interest rate. This equation is presumed ...

For continuous aggregate excess demand functions of economies, the existing literature (e.g. Sonnenschein (1972, 1973), Mantel (1974), Debreu (1974), Mas-Colell (1977), etc.) achieves a complete ...

This paper examines the impact of retail payment technology on money demand. Our study provides three main findings. First, using a unique quarterly data set from China spanning the period 1999 Q1 to ...