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008 080129s1996 bl ||||gr |0|| 0 por d
100 1 _aP., Luis Miguel Galindo
_933595
245 1 0 _aLa demanda de M4 y la substitución de moneda en Mexico :
_b1978-1990
260 _aSão Paulo :
_bNobel,
_cabr./jun. 1996
520 3 _aThe objective of this essay is to analyze the demand for M4 and the capital flows in Mexico for the period 1978-1990. The econometric analysis heavily uses the general to specific methodology, cointegration and an error correction model. The empirical evidence shows the existence of a stable demand for M4. The demand for M4 depends, in the long run, on income and interest rate. In the short run the changes in the inflation rate and the currency substitution effect are relevant factors to explain M4. The presence of currency substitution implies that the authorities must take account of the differentials in the interest rates between Mexico and the United States
590 _aRevista de Economia Política 1996
590 _av. 16, n. 2(62)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g16, 2, p. 143-153
_dSão Paulo : Nobel, abr./jun. 1996
_xISSN 01013157
_w
942 _cS
998 _a20080129
_b1101^b
_cMariana
998 _a20140214
_b0922^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25607
_d25607
041 _apor