Arbeitspapier
The stability of demand for money in the proposed Southern African Monetary Union
This study investigates the stability of demand for money in the proposed Southern African Monetary Union (SAMU). The study uses annual data for the period 1981 to 2015 from ten countries making-up the Southern African Development Community (SADC). A standard function of demand for money is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across countries in the stability of money. This divergence is articulated in terms of differences in cointegration, CUSUM (cumulative sum) and CUSUMSQ (CUSUM squared) tests, short run and long-term determinants and error correction in event of a shock. Policy implications are discussed in the light of the convergence needed for the feasibility of the proposed SAMU. This study extends the debate in scholarly and policy circles on the feasibility of proposed African monetary unions.
- Sprache
-
Englisch
- Erschienen in
-
Series: AGDI Working Paper ; No. WP/19/025
- Klassifikation
-
Wirtschaft
Demand for Money
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Thema
-
Stable
demand for money
bounds test
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Asongu, Simplice
Folarin, Oludele E.
Biekpe, Nicholas
- Ereignis
-
Veröffentlichung
- (wer)
-
African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Asongu, Simplice
- Folarin, Oludele E.
- Biekpe, Nicholas
- African Governance and Development Institute (AGDI)
Entstanden
- 2019
Ähnliche Objekte (12)
The long run stability of money demand in the proposed West African Monetary Union
The long run stability of money in the proposed East African Monetary Union
Demand-side mobile money drivers of financial inclusion: Minimum economic growth thresholds for mobile money innovations
Financial liberalization and long-run stability of money demand in Nigeria
A summary of a survey on proposed African monetary unions
The role of mobile characteristics on mobile money innovations
The comparative exploration of mobile money services in inclusive development
Female unemployment, mobile money innovations and doing business by females
An Index of African Monetary Integration (IAMI)
Mobile technology supply factors and mobile money innovation: Thresholds for complementary policies
Law, mobile money drivers and mobile money innovations in developing countries
FDI in Selected Developing Countries: Evidence from Bundling and Unbundling Governance
The long run stability of money demand in the proposed West African Monetary Union
The long run stability of money in the proposed East African Monetary Union
Demand-side mobile money drivers of financial inclusion: Minimum economic growth thresholds for mobile money innovations
Financial liberalization and long-run stability of money demand in Nigeria
A summary of a survey on proposed African monetary unions
The role of mobile characteristics on mobile money innovations
The comparative exploration of mobile money services in inclusive development
Female unemployment, mobile money innovations and doing business by females
An Index of African Monetary Integration (IAMI)
Mobile technology supply factors and mobile money innovation: Thresholds for complementary policies
Law, mobile money drivers and mobile money innovations in developing countries
FDI in Selected Developing Countries: Evidence from Bundling and Unbundling Governance
The long run stability of money demand in the proposed West African Monetary Union
The long run stability of money in the proposed East African Monetary Union
Demand-side mobile money drivers of financial inclusion: Minimum economic growth thresholds for mobile money innovations
Financial liberalization and long-run stability of money demand in Nigeria
A summary of a survey on proposed African monetary unions
The role of mobile characteristics on mobile money innovations
The comparative exploration of mobile money services in inclusive development
Female unemployment, mobile money innovations and doing business by females
An Index of African Monetary Integration (IAMI)
Mobile technology supply factors and mobile money innovation: Thresholds for complementary policies
Law, mobile money drivers and mobile money innovations in developing countries