Drama, Bedi Guy Herve and Yao, Shen (2010): The Demand for Money in Cote d’Ivoire: Evidence from the Cointegration Test.

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Abstract
This paper demonstrates that there is a long run equilibrium relationship between money supply 〖(M〗_1) and its main determinants, real income (GDP) and interest rate in Cote d’Ivoire. In order to investigate longterm relationship among these variables, we use Juselius and Johansen cointegration test with time series data covering the period of 19802007. The results show that there is longterm relationship among these variables as well as the linkage between them. Base from this result we found that only real money balances 〖(M〗_1) has significant long run economic impact of variations in monetary policy in Cote d’Ivoire. However, the study also revealed that the effect of aggregate 〖(M〗_2) is not so stable linking with it determinants.
Item Type:  MPRA Paper 

Original Title:  The Demand for Money in Cote d’Ivoire: Evidence from the Cointegration Test. 
Language:  English 
Keywords:  Cointegration test, Money demand 
Subjects:  E  Macroeconomics and Monetary Economics > E5  Monetary Policy, Central Banking, and the Supply of Money and Credit > E52  Monetary Policy 
Item ID:  20131 
Depositing User:  Bedi Guy Herve Drama 
Date Deposited:  19 Jan 2010 18:40 
Last Modified:  29 Sep 2019 07:53 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/20131 