The behavior of the currency deposit ratio in India, 1870-1982

K. N. Dadkhah, R. Mookerjee

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


States that the change in the currency deposit ratio is determined by aggregate economic variables and that the widely accepted notion that periods of disturbance lead to an increase in the currency deposit ratio should not be accepted without specific empirical validation of the hypothesis. Results suggest that some periods of instability actually lead to a decline of the currency deposit ratio. Provides a brief review of the literature pertaining to the currency deposit ratio, with particular reference to developing countries, presents three models of the currency deposit ratio, and presents and discusses the empirical results. -from Authors

Original languageEnglish (US)
Pages (from-to)358-372
Number of pages15
JournalJournal of Developing Areas
Issue number3
StatePublished - 1988

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development


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