This paper investigates the impact of the money supply in different states of inflation and economic growth in South Africa from 1990 to 2021. The term "states" defines periods of low and high rates of economic variables of interest. Markov-switching dynamic regression (MSDRM) and time-varying...

The role of monetary policy in promoting economic growth remains empirically an open research question. This paper attempts to bridge the knowledge gap by investigating the impact of monetary policy on economic growth in Tanzania during the period from 1975 to 2013, using the autoregressive...

In the context of wide regional disparities emerging in the process of development, the banks have an additional responsibility in India. That responsibility is to enter the under developed regions and to mobilize and channelize resources into local economic activities such that local...

Efficient business transactions requires both liquid cash and electronic transfers. In developing nations, due to technological challenges and level of awareness of the citizens hard currency is most preferred. The demand for currency, however should not be misinterpreted to mean acceptability...

In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....

Empirical evidence concerning the link between monetary aggregates and inflation or GDP growth has been underemphasized in recent years. This paper re-examines existing simple sum and creates composite monetary aggregates a la Feldstein and Stock (1996) in the Canadian context over the 1971-99...

Anecdotal evidence shows that monetary expansion (excess liquidity) induces inflation in the West African Monetary Zone (Zone). Uncertainty about the nature of inflation persistence often undermines regional convergence due to the asymmetric responses from the monetary authorities. It is against...

This paper investigates the impact of the money supply in different states of inflation and economic growth in South Africa from 1990 to 2021. The term “states” defines periods of low and high rates of economic variables of interest. Markov-switching dynamic regression (MSDRM) and...