Showing 1 - 10 of 1,503
By applying the methods of cointegration and error-correction, this paper investigates the money demand behaviour in …
Persistent link: https://www.econbiz.de/10005168521
This paper investigates the issues of stability, predictability and interestsensitivity of both the long and short run … that estimated by Friedman and Schwartz (1982). The stability of long and short-run money demand within and out of the … estimation period is investigated employing a multivariate framework. To test for the existence and the stability of money demand …
Persistent link: https://www.econbiz.de/10008459623
investigation into the level and stability of money demand (M1) for Australia and New Zealand over the 1960-2009 period and … series methods provide consistent results with 1984 and 1998 break dates. CUSUM and CUSUMSQ stability tests reveal that M1 … demand functions were unstable over the 1984 to 1998 period for both countries although tests for stability are not rejected …
Persistent link: https://www.econbiz.de/10008765926
This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between …
Persistent link: https://www.econbiz.de/10008683626
This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between …
Persistent link: https://www.econbiz.de/10008684880
). Our estimation techniques include Johansen cointegration test and the dynamic ordinary least squares (DOLS). We find that … the DOLS procedure is not applicable for our data set. However, our results from Johansen cointegration test reveal that …
Persistent link: https://www.econbiz.de/10011110707
The purpose of this paper is to offer an analysis of the behaviour of the money demand, inflation and their determinants, with a focus on the short-term impact of external shocks. Taking into account the weak structure of the Romanian economy (Dobrescu, 1997) the authors confined the study to...
Persistent link: https://www.econbiz.de/10005827556
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset …
Persistent link: https://www.econbiz.de/10009149356
This paper explores the stability of the demand for narrow money in the Pacific Island Countries viz, Fiji, Vanuatu … cointegrated. The CUSUM and CUSUMSQ stability test results indicate that the demand for money functions for these countries are …
Persistent link: https://www.econbiz.de/10008472225
This paper empirically captures the interrelationships between the stock markets and interest rates for a set of Asian markets by means of a new technique called co-dependence. It uses a set of data for three countries in Asia - India, Pakistan and Bangladesh, over a time period spanning from...
Persistent link: https://www.econbiz.de/10004985393