The Demand for Money

"The Demand for Money" is a specialized book that deals with money demand and its determinants. In recent decades, researchers in the field of monetary theory have conducted numerous studies on the variables that influence the money demand function. Understanding the relationship between money demand and its influencing factors is crucial for selecting appropriate monetary instruments to stabilize an economy. The book analyzes the interest elasticity of money demand, the stability of the money demand function, and the effects of interest and exchange rate volatility on the money demand function in emerging markets. These insights are particularly valuable for monetary authorities in developing countries and provide researchers in the field of monetary economics with guidance for future research directions.