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Money demand stability: A case study of Nigeria

Kumar, Saten; Webber, Don J.; Fargher, Scott - Volkswirtschaftliche Fakultät, … - 2010

This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between 1960 and 2008. In addition to estimating the canonical specification, alternative specifications are presented that include additional variables to proxy for the cost of holding...

Persistent link: https://www.econbiz.de/10008684880

Australasian money demand stability: Application of structural break tests

Kumar, Saten; Webber, Don J. - Volkswirtschaftliche Fakultät, … - 2010

Estimates of the demand for money provide important foundations for monetary policy setting but if the estimation technique does not explicitly account for structural changes then such estimates will be biased. This paper presents an investigation into the level and stability of money demand...

Persistent link: https://www.econbiz.de/10008765926

An Empirical Test of Money Demand in Thailand from 1993 to 2012

Jiranyakul, Komain; Opiela, Timothy - Volkswirtschaftliche Fakultät, … - 2014

). Our estimation techniques include Johansen cointegration test and the dynamic ordinary least squares (DOLS). We find that … the DOLS procedure is not applicable for our data set. However, our results from Johansen cointegration test reveal that …

Persistent link: https://www.econbiz.de/10011110707

Money demand and financial liberalization in Mexico: A cointegration approach

L. Arnaut, Javier - Volkswirtschaftliche Fakultät, … - 2008

This paper examines the long run dynamics of Mexico’s money demand using Johansen’s cointegration approach with …

Persistent link: https://www.econbiz.de/10005787175

Currency substitution in Romania

Lazea, Valentin; Cozmanca, Bogdan Octavian - Volkswirtschaftliche Fakultät, … - 2003

The aim of this paper is to investigate the currency substitution phenomenon in Romania. We present the evolution of the DI (Dollarization Index) as it is defined by the IMF, the situation on the liabilities side and that of the banking sector. We assess the way in which the traditional...

Persistent link: https://www.econbiz.de/10008493587

The stability of money demand function in Japan: Evidence from rolling cointegration approach

Tang, Chor Foon - Volkswirtschaftliche Fakultät, … - 2007

procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money … that the money demand function is stable over the analysis period. However, the evidence of rolling ARDL cointegration test … rolling cointegration test to re-investigate the stability of money demand function in Japan. …

Persistent link: https://www.econbiz.de/10008567683

Some new evidence on the determinants of money demand in developing countries – A case study of Tunisia

Ben Salha, Ousama; Jaidi, Zied - Volkswirtschaftliche Fakultät, … - 2013

approach, results reveal evidence of cointegration between broad money demand and its determinants, namely final consumption …

Persistent link: https://www.econbiz.de/10011259415

Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries

Hamdi, Helmi; Sbia, Rashid; said, ali - Volkswirtschaftliche Fakultät, … - 2014

countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the …

Persistent link: https://www.econbiz.de/10011212951

Testing the Effectiveness of Monetary Policy in Malaysia Using Alternative Monetary Aggregation

Leong, Choi-Meng; Puah, Chin-Hong; Abu Mansor, Shazali; … - Volkswirtschaftliche Fakultät, … - 2008

The capability of monetary aggregates to generate stable link with fundamental economic indicators verifies the effectiveness of monetary targeting. However, traditional monetary aggregates have become flawed when financial reforms take place. As official monetary aggregates fail to maintain...

Persistent link: https://www.econbiz.de/10005621540

Turkish money demand, revisited: some implications for inflation and currency substitution under structural breaks

Levent, Korap - Volkswirtschaftliche Fakultät, … - 2007

alternative cost to hold monetary balances in the Turkish economy. Our estimation results, using contemporaneous multivariate co-integration …

Persistent link: https://www.econbiz.de/10008550062