Asongu, Simplice; Folarin, Oludele E.; Biekpe, Nicholas - 2020
This study investigates the stability of money in the proposed East African Monetary Union (EAMU). The study uses … annual data for the period 1981 to 2015 from five countries making up the East African Community (EAC). A standard money …. Specifically, the results show that the demand for money is stable in the cases of Burundi, Rwanda and Tanzania based on the CUSUM …