On the Stability of Money Demand in Ghana : A Bounds Testing Approach /

This paper adopts the bounds testing procedure developed by Pesaran and others (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money demand during a period of substantial changes in the fi...

Полное описание

Библиографические подробности
Главный автор: Kovanen, Arto
Другие авторы: Dagher, Jihad
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2011.
Серии:IMF Working Papers; Working Paper ; No. 2011/273
Online-ссылка:Full text available on IMF
Описание
Итог:This paper adopts the bounds testing procedure developed by Pesaran and others (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money demand during a period of substantial changes in the financial markets. The empirical evidence points to complex dynamics between money demand and its determinants while suggesting that deviations from the equilibrium are rather short-lived.1.
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Объем:1 online resource (18 pages)
Формат:Mode of access: Internet
ISSN:1018-5941
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