Skip to main content
Article thumbnail
Location of Repository

Money Demand and Supply in Saudi Arabia: An Empirical Analysis.

By K.A. Al-Bassam


The main objectives of this study are:\ud Firstly, to provide a clear picture of the Saudi money market in terms of its main characteristics, its financial institutions and the obstacles facing the market and its financial institutions.\ud Secondly, to determine appropriate money demand functions for different money definitions in Saudi Arabia, using quarterly\ud data which run from 1976:1 to 1986:4, and to test the stability and forcasting power of these functions.\ud Thirdly, to determine theoretically and empirically the factors affecting the money supply in Saudi Arabia using annual data which run from 1967 to 1987.\ud Finally, to determine empirically the factors affecting the Riyal market interest rate (domestic interest rate), using\ud quarterly data which run from 1979:1 to 1988:2

Publisher: University of Leicester
Year: 1990
OAI identifier:

Suggested articles


  1. (1986). 0., Time Series Analysis,
  2. (1976). 1., Current Issues in Monetary Theory and Policy,
  3. (1987). 9 The National Bank of Kuwait (SAK), Gulf Cooperation Council in Figures,
  4. (1984). A Guide to the Saudi Arabian
  5. (1981). A Monetarist Approach to Inflation for Saudi Arabia',
  6. (1983). A Monetary Framework for Saudi Arabia',
  7. (1985). A Money Demand Equation for Brazil',
  8. (1977). A Structural Econometric Model of the Saudi Arabian Economy, 1960-1970, London: Croom Helm Ltd.,
  9. (1971). A Survey of Some Current problems
  10. (1967). A Treatise on
  11. (1964). Alabdeen Abdullah, 'Inflation in Saudi Arabia:
  12. (1963). An Economic Analysis of Foreign Assets, Money Supply and Inflation in Saudi Arabia,
  13. (1986). An Introduction to Development Economics, 2nd edn., London: Allen and Unwin,
  14. (1952). An Investigation of Liquidity Preference',
  15. and Bankin, 3rd quarter 1987. Arabia which plays an important role in determining the growth of money supply in Saudi Arabia.
  16. (1981). Applications of Econometrics,
  17. Arabia Monetary Agency, Money and Banking Statistics Quarterly Bulletin,
  18. (1986). Balance of Payments Theory and United Kingdom Experience, 3rd edn.,
  19. (1982). Capital Movements and Interest-Rate Structures in the Arab Gulf: The Case of Saudi Arabia and Bahrain',
  20. (1974). Credit Controls as Instruments of Development Policy in the Light of Economic Theory',
  21. (1977). Demand for Money in Bangladesh: Some Preliminary Evidence',
  22. (1985). Demand for Money in Saudi Arabia', Unpublished Ph.D. Dissertation, Claremont Graduate School,
  23. (1978). Determining the Monetary Instrument: Diagrammatic Exposition',
  24. (1966). Development Planning: The Essentials of Economic Policy, 1st edn.,
  25. (1979). E.,'Development of a Dualistic Economy: A Case Study of Saudi Arabia',
  26. (1966). Econometric Models and Methods,
  27. (1980). Economic Monetary Aggregates: An Application of Index Numbers and Aggregation Theory',
  28. (1976). Economics of Development,
  29. (1967). Economies of Scale in Cash Balances Reconsidered',
  30. (1975). Empirical Monetary Macroeconomics: What Has Been Learned in the Last 25 Years?'
  31. (1976). Estimation of the Liquidity Trap Using Spline Function,
  32. (1973). Expectation, Adjustment and the Dynamic Responses of Income to Policy Change',
  33. (1969). Factors Affecting the Level of Interest Rates', Conference on Saving and Residential Financing, sponsored by the United States Saving and Loan League, Chicago: The League,
  34. (1973). Financial Deepening in Economic Development,
  35. (1969). Financial Structure and Development,
  36. (1972). Fiscal Policy in Oil Exporting Countries,
  37. (1978). Government Deficits and the Inflation -ary Process in Developing Countries',
  38. (1987). Guidelines for Saudi Arabian Monetary Policy',
  39. (1960). Indicator of Monetary Policy: The Argument and the Evidence',
  40. (1980). Inflation and Causality in the United States, 1959-79', Federal Reserve Bank of San Francisco Economic Review,
  41. (1967). Inflation and Interest Rate Policies in Latin America,
  42. (1976). Inflation Under Fixed and Flexible Exchange Rates,
  43. (1973). Inflation, Lags and the Demand for Money',
  44. (1976). Inflationary Expectations and the French Demand for Money 1959-70',
  45. (1977). Inflationary Finance and the Dynamics of Inflation: Indonesia 1954-1972',
  46. (1969). Inside Money, Outside Money, Income, Wealth and Welfare in Monetary Theory',
  47. (1985). Interest Rate Determination in Developing Countries',
  48. (1975). Interest Rate Determination in Under-developed Rural Areas',
  49. (1988). Interest, and Banking in Economic Development, The Johns Hopkins
  50. (1981). Introduction to Econometrics,
  51. (1985). Introductory Econometrics: Theory and Application,
  52. (1976). Large versus Small Price Changes and the Demand for Imports',
  53. (1976). Leading Issues in Economic Development,
  54. (1960). Liquidity Function in the American Economy',
  55. (1985). Minitab Handbook,
  56. (1982). Monetarist Perpsectives,
  57. (1988). Monetary Agency,
  58. (1987). Monetary Agency, 'Bahrain: An International Financial Center', Quarterly Statistical Bulletin 3rd edition,
  59. (1980). Monetary Aggregate or Monetary Indicators', Federal Reserve Bank of St.
  60. (1981). Monetary Economics in Developing Countries,
  61. (1979). Monetary Policy in Selected Asian Countries',
  62. (1986). Monetary Policy, Fiscal Policy and Investment Spending: An Empirical Analysis',
  63. (1970). Monetary Sources of Inflation in Saudi Arabia', The Federal Reserve Bank of San Francisco Economic Review, Supplement (Winter
  64. (1962). Monetary Theory and Policy',
  65. (1977). Monetization of Developing Economies',
  66. (1987). Money and Banking Statistics,
  67. (1973). Money and Capital in Economic Development,
  68. (1976). Money and Economic Activity in the Open Economy: The United Kingdom 1880-1970',
  69. (1965). Money and Economic Growth',
  70. (1980). Money and Monetary Policy in LDCs,
  71. (1970). Money and Prices in Argentina, 1935-62',
  72. (1978). Money and the Real World, 2nd edn.
  73. (1971). Money Stock Control and Its Implications for Monetary Policy', Federal Reserve Bank of St.
  74. (1963). Notes on the Theory of Transactions Demand for Cash',
  75. (1968). O.,'The Demand for Money: Evidence from Developed and Less-Developed Economies',
  76. (1978). Oil and Money in Saudi Arabia,
  77. (1966). On the Short-Run and Long-Run Demand for Money',
  78. (1977). Predicting the Money Multiplier: A Case Study of the U.S.A. and Netherlands',
  79. (1979). Predicting the Money Multiplier',
  80. (1963). Predicting Velocity: Implications for Theory and Policy',
  81. (1973). Price Determination in an Inflationary Economy: The Dynamics of Chilean Inflation Revisited',
  82. (1975). Reading in Money, National Income, and Stabilization Policy,
  83. (1977). Revisit to Interest Rates Outside the Organized Money Markets of Underdeveloped Countries',
  84. (1982). Saudi Arabia's Development Potential,
  85. Saudi Arabian Ministry of Planning,
  86. (1974). Saving and Growth in Developing Countries,
  87. (1981). Selecting a Monetary Indicator: A Test of the New Monetary Aggregate', Federal Reserve Bank of St.
  88. (1969). Some Aspects of Economic Development,
  89. (1971). Some Aspects of Interest Rate Policies in Less Developed Economies: The Experience of Selected Asian Countries',
  90. (1977). Some Considerations in the Use of Monetary Aggregates for Implementation of Monetary Policy', Federal Reserve Bank of St.
  91. (1983). Some Evidence on Selecting an Intermediate Target for Monetary Policy',
  92. (1966). Some Evidence on the Demand for Money',
  93. (1964). Some Further Evidence on Supply and Demand Function for Money',
  94. (1976). Some Problems of Money Demand',
  95. (1960). Tests of Equality between Sets of Coefficients in Two Linear Regressions',
  96. (1976). The Case of the Missing Money',
  97. (1969). The Definition of Money: Theoretical and Empirical Problems',
  98. (1965). The Demand for Money and the Term Structure of Interest Rates',
  99. (1984). The Demand for Money and Velocity in Major OECD Countries',
  100. (1985). The Demand for Money in a Developing Economy: The Case of Kenya',
  101. (1977). The Demand for Money in an Open Economy:
  102. (1971). The Demand for Money in Asian Countries: Empirical Evidence',
  103. (1977). The Demand for Money in Developing Countries. Some Theoretical and Empirical Results',
  104. (1982). The Demand for Money in Developing Economies: The Case of Libya, Saudi Arabia and Iraq', Unpublished Ph.D. Dissertation,
  105. (1980). The Demand for Money in Middle Eastern Countries',
  106. (1971). The Demand for Money in Norway, 1959-1969',
  107. (1980). The Demand for Money in Pakistan: Some Further Results', The Pakistan Development Review,
  108. (1986). The Demand for Money in Some Major OPEC Members: Regression Estimates and Stability Results',
  109. The Demand for Money in the Economy of Saudi Arabia',
  110. (1970). The Demand for Money in the United Kingdom, 1956-1967: Preliminary Estimates', The Manchester School,
  111. (1976). The Demand for Money in the United Kingdom',
  112. (1980). The Demand for Money in the United States - Yet Again',
  113. (1976). The Demand for Money Revisited',
  114. (1973). The Demand for Money: The Evidence from the Brazilian Economy',
  115. (1965). The Demand for Money: The Evidence from the Short-Run Data',
  116. (1963). The Demand for Money: The Evidence from the Time Series',
  117. (1977). The Demand for Money: Theories and Evidence, 2nd edn.,
  118. (1985). The Demand for Money: Theory, Evidence and Problems, 3rd edn.,
  119. (1975). The Determination of Long Term Interest Rates', Federal Reserve Bank of Boston New England Economic Review (MayJune,
  120. (1974). The Dynamics of Inflation in Latin America 1950-1969'
  121. (1988). The Financial Aspects of the Government Budget and Its Impact on the Economy of Saudi Arabia',
  122. (1986). The Islamic Reform to the Saudi Arabian Financial System',
  123. (1981). The Long-Run Behaviour of income Velocity
  124. (1985). The Monetary Sector in a Financial Surplus Islamic, Developing Economy: The Case of Saudi Arabia',
  125. (1984). The Money Demand Relationship in Saudi Arabia: An Empirical Investigation',
  126. (1971). The Money Supply Process,
  127. (1956). The Quantity Theory of Money: A Restatement',
  128. (1966). The Rate of Interest and the Demand for Money: Some Empirical Evidence',
  129. (1986). The Role of Financial Development in Economic Development: The Case of Saudi Arabia',
  130. (1973). The Role of Money in Stabilization Policy in Developing Countries',
  131. (1982). The Saudi Arabia Rush to Development,
  132. (1986). The Saudi Arabian Economy, London: Croom Helm Ltd.,
  133. (1975). The Saudi Economy,
  134. (1984). The Saudi Financial System,
  135. (1974). The Stability of the Demand for Money Function in the U.S. 1901-1965',
  136. (1984). The Stability of the Demand for Money Function in U.K 1880-1975',
  137. (1986). The Structure of Financial Markets and the Monetary Mechanism in Controlling Monetary Aggregates', Federal Reserve Bank of Boston, III
  138. (1977). Theory of Econometrics,
  139. (1977). Unanticipated Money Growth and Unemploiient in the United States',
  140. (1970). Varieties of Monetary Experience,

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.