Afangideh, Udoma Johnson; Garbobiya, Tuwe Soro; Umar, … - In: African Journal of Economic and Management Studies 12 (2021) 3, pp. 470-485
Purpose: This paper is focused on determining the asymmetric effects of exchange rate on money demand function in Nigeria. Design/methodology/approach: It employs the empirical model of Baumol–Tobin. Baumol (1952), which was founded on the opportunity and transaction cost of holding money....