What opportunity cost of holding real balances? The case of Greece 1978–1993.
Journal article
Apergis, Nicholas 2006. What opportunity cost of holding real balances? The case of Greece 1978–1993. Applied Economics Letters. https://doi.org/10.1080/758540811
Authors | Apergis, Nicholas |
---|---|
Abstract | In this paper cointegration techniques have been applied to identify the role of opportunity cost in the demand for real balances in the Greek case and covering the period 1978–93. The results reveal that it is the simultaneous presence of nominal interest rates, the expected inflation and the expected depreciation variables that must be used as proxies for the opportunity cost. |
Keywords | opportunity cost; real balances; Greece |
Year | 2006 |
Journal | Applied Economics Letters |
Publisher | Taylor & Francis |
ISSN | 1350-4851 |
1466-4291 | |
Digital Object Identifier (DOI) | https://doi.org/10.1080/758540811 |
Web address (URL) | http://hdl.handle.net/10545/623527 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623527 | |
Publication dates | 02 Nov 2006 |
Publication process dates | |
Deposited | 23 Feb 2019, 10:19 |
Contributors | University of Macedonia |
File | File Access Level Open |
File | File Access Level Open |
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https://repository.derby.ac.uk/item/93137/what-opportunity-cost-of-holding-real-balances-the-case-of-greece-1978-1993
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