Is Broad Money Endogenous in India?
Author InfoDash, S. Goyal, A. Abstract A new specification of the supply function of commercial bank credit is employed to examine the degree of endogeneity of broad money, and its response to certain structural variables in the Indian context. The specification allows us to avoid the identification problems that occur in a single equation format, and gives insights on the money supply process in India. The paper finds that broad money responds to the demand for speculative credit. Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options: 1. Check below under “Related research” whether another version of this item is available online. 2. Check on the provider’s web page whether it is in fact available. 3. Perform a search for a similarly titled item that would be available. Publisher InfoPaper provided by Indira Gandhi Institute of Development Research- in its series Papers with number 130. Download reference. The
