Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. African Department.
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| ISBN: | 1451892144
9781451892147
1281605794
9781281605795
1462356125
9781462356126
1452790655
9781452790657
9786613786487
6613786489
9781451844382
1451844387
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| Notes: | Includes bibliographical references (pages 18-21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 1. Finding a stable money demand function is generally considered essential for the formulation and conduct of efficient monetary policy. Hence, considerable effort has been made in the empirical literature-for both industrialized and developing countries-to determine the factors that affect the long-run demand for money and assess the stability of the relationship between these factors and various monetary aggregates. 2 In the case of Cameroon, a limited number of studies (Ntang, 1990 and Fielding, 1994) have attempted to identify the key macroeconomic variables determining the demand for money, with almost none-to my knowledge-focusing on the stability of the estimated coefficients. Furthermore, these studies have ignored the impact of foreign opportunity cost variables on money balances, as well as (except for Fielding's study) the problem of apparent but spurious regression that arises when statistical inferences are drawn from non-stationary time-series data.
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| Other form: | Print version: Nachega, Jean-Claude. Cointegration analysis of broad money demand in Cameroon. [Washington, D.C.] : International Monetary Fund, African Dept., ©2001
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