The role of money demand in monetary policy

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dc.contributor.authorDossou, Theresah D.
dc.contributor.authorUniversity of Lethbridge. Faculty of Arts and Science
dc.contributor.supervisorRockerbie, Duane
dc.date.accessioned2019-08-28T16:07:23Z
dc.date.available2019-08-28T16:07:23Z
dc.date.issued2019
dc.degree.levelMastersen_US
dc.description.abstractThis study uses cross-sectional time-series data from five (5) countries in estimating a money demand function. We found valid and consistent results for the money demand model and established a stable long run relationship between money demand and its regressors: real output, exchange rate, inflation rate and long and short-term interest rate. Stability tests conducted showed the presence of structural breaks possibly due to changes in monetary regimes and other financial deregulations. Money demand elasticities play a vital role in monetary policy formulation and the existence of a stable demand for money is very important, even in the use of inflation targeting, for the conduct of monetary policy even though its impact may not be explicitly seen.en_US
dc.identifier.urihttps://hdl.handle.net/10133/5530
dc.language.isoen_USen_US
dc.proquest.subject0501en_US
dc.proquest.subject0511en_US
dc.proquestyesYesen_US
dc.publisherLethbridge, Alta. : University of Lethbridge, Department of Economicsen_US
dc.publisher.departmentDepartment of Economicsen_US
dc.publisher.facultyArts and Scienceen_US
dc.relation.ispartofseriesThesis (University of Lethbridge. Faculty of Arts and Science)en_US
dc.subjectcointegrationen_US
dc.subjectelasticityen_US
dc.subjectmonetary policyen_US
dc.subjectmoney demanden_US
dc.subjectstabilityen_US
dc.subjectDissertations, Academicen_US
dc.titleThe role of money demand in monetary policyen_US
dc.typeThesisen_US
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