Demand for Money in Mozambique : Was There a Structural Break? /

The paper provides estimates of an error-correction model of the demand for narrow money (M1) and broad money (M2) in Mozambique. In addition, it assesses whether the rapid growth in money balances during 1996-97 represents a structural break or can be associated with the rapidly expanding economic...

詳細記述

書誌詳細
第一著者: Pinon-Farah, Marco
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 1998.
シリーズ:IMF Working Papers; Working Paper ; No. 1998/157
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Demand for Money in Mozambique :   |b Was There a Structural Break? /  |c Marco Pinon-Farah. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper provides estimates of an error-correction model of the demand for narrow money (M1) and broad money (M2) in Mozambique. In addition, it assesses whether the rapid growth in money balances during 1996-97 represents a structural break or can be associated with the rapidly expanding economic activity and lower opportunity costs of holding money. In contrast with several studies of economies at a similar level of development as Mozambique, the paper obtains statistically significant coefficients for both financial and real explanatory variables. In this connection, it successfully includes the yield of foreign instruments (expressed in local currency) as one of the key explanatory variables. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/157 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/157/001.1998.issue-157-en.xml  |z IMF e-Library