The Impact of Future Market on Money Demand in Iran

Indian Journal of Fundamental and Applied Life Sciences, Vol. 4, No. 3, 2014

7 Pages Posted: 5 Oct 2014

See all articles by Dr.Hossein Parsian

Dr.Hossein Parsian

Plan and Budget organization of Iran

Amir Shams Koloukhi

Islamic Azad University - Young Researchers and Elites Club

Mahdi Keikha

Allameh Tabataba'i University - Economics

Mahdi Darini

Islamic Azad University (IAU) - Torbate-Jam Branch

Date Written: September 30, 2014

Abstract

The purpose of this study is modeling for money demand function in Iran, because the traditional Modeling was considered the money demand function only as a function of income and opportunity cost of currency holding. But, today according to innovations and financial initiatives and also economic uncertainty, the monetary changes cannot be explained through the simple relationship told by varies schools. Since, economic instabilities can do an important role in currency holding by economic agents and considering the impacts of such uncertainties, they create their own portfolio. But the importance of issue is that the money demand and its determinants play determining role in macroeconomic analysis and monetary policy making by the monetary authorities of a country. Generally, examining the amount of money demand in a country economic situation can be analyzed. So, in the present research using the mathematical techniques money demand function has been extract for Iran’s economy.

Keywords: Money Demand, Portfolio, Iran’s Economy, Future Market, Exchange

JEL Classification: E41, G13

Suggested Citation

Parsian, Hossein and Shams Koloukhi, Amir and Keikha, Mahdi and Darini, Mahdi, The Impact of Future Market on Money Demand in Iran (September 30, 2014). Indian Journal of Fundamental and Applied Life Sciences, Vol. 4, No. 3, 2014, Available at SSRN: https://ssrn.com/abstract=2505391

Hossein Parsian (Contact Author)

Plan and Budget organization of Iran ( email )

Tehran, Tehran
Iran

Amir Shams Koloukhi

Islamic Azad University - Young Researchers and Elites Club ( email )

Torbat-e-Jam Branch
Torbat-e-Jam
Iran

Mahdi Keikha

Allameh Tabataba'i University - Economics ( email )

Tehran
Iran

Mahdi Darini

Islamic Azad University (IAU) - Torbate-Jam Branch ( email )

No.1, Zakaria Shomali 7, Piroozi ST.
Mashhad
Iran

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