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examine the stability of the money demand function in Nigeria after the deregulation of the financial sector. To achieve this …
Persistent link: https://www.econbiz.de/10012901785
stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR …
Persistent link: https://www.econbiz.de/10013144626
stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …
Persistent link: https://www.econbiz.de/10009316570
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 … demand equation is sufficient, at least as a rough indication. -- Money demand ; inflation ; excess liquidity ; cointegration …
Persistent link: https://www.econbiz.de/10009130684
This paper investigates possible non-linearities in the dynamics of the euro area demand for the narrow aggregate M1. A long-run money demand relationship is firstly estimated over a sample period covering the last three decades. While the parameters of the relationship are jointly stable, there...
Persistent link: https://www.econbiz.de/10013317661
. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error …This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses … African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration …
Persistent link: https://www.econbiz.de/10011998536
examine the stability of the money demand function in Nigeria after the deregulation of the financial sector. To achieve this …
Persistent link: https://www.econbiz.de/10011668531
Cointegration analysis is applied to investigate the long run relationships between money, prices, and wages in Norway …
Persistent link: https://www.econbiz.de/10005382373
such a role requires that money has a stable relationship with the Euro area price level. Typically, the stability of this …
Persistent link: https://www.econbiz.de/10014159218
problem of spurious regression. When existent, cointegration is the simplest way of eliminating the illogical correlation … established between time series due to the presence of trends. The analysis of macroeconomic time series through cointegration is … a common fact. Modelling the Romanian M2 money demand through cointegration and vector error correction led to somewhat …
Persistent link: https://www.econbiz.de/10005772652