Assessing the factors affecting money demand in Russia

Tan, Jin Yen (2015) Assessing the factors affecting money demand in Russia. [Final Year Project Report] (Unpublished)

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Abstract

This study investigates whether any relationship exists among real income, advertising expenditure, exchange rate and M2 monetary aggregate in Russia from 2002Q1 to 2012Q2 using quarterly data. The Unit Root test, Johansen-Juselius Cointegration test, VAR Granger Causality are used in this study to examine the whether cointegration and/or causality relationship exists among the variables. Indeed, the finding that all the estimated variables are I(1) and cointegration and causality relationship do not exist among the variables of real income, exchange rate and M2 monetary aggregate. However, the results show that bidirectional relationship exists between advertising expenditure and real ruble balances in granger causality in the short run. This study provides sufficient evidence that the advertising expenditure is an important factor of money demand.

Item Type: Final Year Project Report
Additional Information: Project Report (B.Sc.) -- Universiti Malaysia Sarawak, 2015.
Uncontrolled Keywords: Demand for money, eal income, advertising expenditure, exchange rate, M2 monetary aggregate, Russia, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, undergraduate, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Faculties, Institutes, Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 13 Jun 2016 07:20
Last Modified: 05 Apr 2024 02:58
URI: http://ir.unimas.my/id/eprint/12322

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