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Asymmetric responses of money demand to oil price shocks in Saudi Arabia: a non-linear ARDL approach
(
Routledge
, 2017 , Article)
Saudi Arabia is an open oil-based economy with fixed exchange rates; therefore, it has limited monetary policy autonomy. Using non-linear autoregressive distributed lag approach, this article investigates the asymmetric ...
Money demand and black market exchange rate: A cointegration approach with structural break
(
Inderscience Publishers
, 2017 , Article)
This paper examines different specifications of the money demand function by including both black market exchange rate and oil prices as additional variables in Syria for the period 1990Q1-2009Q4. In order to test the ...