[PDF] The Stability Of Money Demand Functions eBook

Author : Mr.Subramanian S. Sriram
Publisher : International Monetary Fund
Page : 78 pages
File Size : 19,61 MB
Release : 1999-05-01
Category : Business & Economics
ISBN : 1451848544

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A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.

Author : Maria Soledad Martinez Peria
Publisher : World Bank Publications
Page : 86 pages
File Size : 48,24 MB
Release : 2000
Category : Banks and banking
ISBN :

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Policymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand during crises can be modeled by the same function used during periods of tranquility. But policymakers should be aware that in some instances crises can give rise to variance instability in the price or inflation equations.

Author : Nombulelo Gumata
Publisher : Springer Nature
Page : 556 pages
File Size : 33,86 MB
Release : 2021-05-27
Category : Business & Economics
ISBN : 303066340X

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This book explores the macro-financial effects of central bank balance sheets, macro-prudential tools, and financial regulation in South Africa. How employment can be maximised while keeping inflation low and stable is examined in relation to the structural changes required to alter the composition of South African bank balance sheets. Quantitative methods and approaches are utilised to highlight the impact of suggested policies. This book aims to outline strategies and policy interventions that can help achieve the National Development Plan in South Africa. It will be of interest to researchers and policymakers working within development economics, African economics, development finance, and financial policy.

Author : Jihad Dagher
Publisher : International Monetary Fund
Page : 20 pages
File Size : 36,93 MB
Release : 2011-11-01
Category : Business & Economics
ISBN : 146392528X

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This paper adopts the bounds testing procedure developed by Pesaran et al. (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money demand during a period of substantial changes in the financial markets. The empirical evidence points to complex dynamics between money demand and its determinants while suggesting that deviations from the equilibrium are rather short-lived.1