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...

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Bibliografski detalji
Glavni autor: Kovanen, Arto
Daljnji autori: Dagher, Jihad
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2011.
Serija:IMF Working Papers; Working Paper ; No. 2011/273
Online pristup:Full text available on IMF
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Dagher, Jihad. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/273 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/273/001.2011.issue-273-en.xml  |z IMF e-Library