Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/204984 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
AGDI Working Paper No. WP/18/052
Verlag: 
African Governance and Development Institute (AGDI), Yaoundé
Zusammenfassung: 
This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across ECOWAS member states in the stability of money demand. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error correction in event of a shock.
Schlagwörter: 
Stable
demand for money
bounds test
JEL: 
E41
C22
Dokumentart: 
Working Paper

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