01719cas a2200253 a 4500 AALejournalIMF001410 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859553 1018-5941 BD-DhAAL BD-DhAAL Choi, Woon. Endogenous Money Supply and Money Demand / Woon Choi, Seonghwan Oh. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper explores the behavior of money demand by explicitly accounting for the money supply endogeneity arising from endogenous monetary policy and financial innovations. Our theoretical analysis indicates that money supply factors matter in the money demand function when the money supply partially responds to money demand. Our empirical results with U.S. data provide strong evidence for the relevance of the policy stance to the demand for MI under a regime in which monetary policy is substantially endogenous. Specifically, we find that tighter monetary policy has substantial positive impacts on money demand under the recent Federal funds rate targeting. Mode of access: Internet Oh, Seonghwan. IMF Working Papers; Working Paper ; No. 2000/188 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/188/001.2000.issue-188-en.xml IMF e-Library