The role of money demand in monetary policy
dc.contributor.author | Dossou, Theresah D. | |
dc.contributor.author | University of Lethbridge. Faculty of Arts and Science | |
dc.contributor.supervisor | Rockerbie, Duane | |
dc.date.accessioned | 2019-08-28T16:07:23Z | |
dc.date.available | 2019-08-28T16:07:23Z | |
dc.date.issued | 2019 | |
dc.degree.level | Masters | en_US |
dc.description.abstract | This 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.uri | https://hdl.handle.net/10133/5530 | |
dc.language.iso | en_US | en_US |
dc.proquest.subject | 0501 | en_US |
dc.proquest.subject | 0511 | en_US |
dc.proquestyes | Yes | en_US |
dc.publisher | Lethbridge, Alta. : University of Lethbridge, Department of Economics | en_US |
dc.publisher.department | Department of Economics | en_US |
dc.publisher.faculty | Arts and Science | en_US |
dc.relation.ispartofseries | Thesis (University of Lethbridge. Faculty of Arts and Science) | en_US |
dc.subject | cointegration | en_US |
dc.subject | elasticity | en_US |
dc.subject | monetary policy | en_US |
dc.subject | money demand | en_US |
dc.subject | stability | en_US |
dc.subject | Dissertations, Academic | en_US |
dc.title | The role of money demand in monetary policy | en_US |
dc.type | Thesis | en_US |