Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 26 for “"Money demand"”.
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Essays on the inventory theory of money demand
… of the inventory theoretic approach to the demand for money. Chapter 1 reviews the existing inventory theoretic frameworks and empirical money demand literature and provides an overview of this thesis. One of the main conclusions is that the elasticity results from the existing inventory …
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UNEMPLOYMENT INSURANCE IN LABOR SEARCH MODEL AND MONEY DEMAND
… part of the dissertation focuses on modeling money demand and shocks in Cote D'Ivoire for the period of 1960-2009. Unlike Drama and Yao (2010) our result suggests M1 is not in a long-run equilibrium with its determinants real income and expected inflation and therefore unstable. However, the …
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Financial innovation and money demand in sub-Saharan Africa
… some developing economies. In particular, mobile money (M-PESA), a technology first developed in Kenya that enables individuals to transfer, deposit and save money using cell phone technology without necessarily having a bank account, has quickly spread to several developing countries and is …
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Institutional changes, money demand, and monetary policy: the case of Saudi Arabia
… developments on the behavior of the demand for money and velocity of money. The ability of policy makers in Saudi Arabia to conduct effective monetary policy has been discussed. This study has investigated the effect of institutional and structural changes on the behavior and …
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LINEAR AND NON-LINEAR TECHNIQUES FOR ESTIMATING THE MONEY DEMAND FUNCTION: THE CASE OF SAUDI ARABIA
… linear and non-linear techniques to estimate the money demand function of Saudi Arabia under two alternative approaches using two different measures of monetary aggregates (Divisia and Simple-Sum monetary aggregates). The first approach is the conventional way, which is based on empirical …
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Demand for money in China
… the long-run equilibrium relationship between money demand and its determinants in China over the period 1952-2004 for three definitions of money – currency in circulation m0, narrow money m1 and broad money m2. The appropriate dummy variable has been added into the functions to assess and …
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Estimating the demand for money in a developing country
In this paper, the demand for real money, M3, is estimated for South Africa for the period 1965 to 2003. The paper employs an Autoregressive Distributed Lag (ARDL) model using a two equation technique that includes cointegration and an error-correction model (ECM). The cointegration model estimates …
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Three essays on monetary economics
… show that Lucas' base model is incomplete. Once money level equations were included, the results suggest money affects output through prices, as well as through other means. The second essay seeks to find stable predictors of the money demand function. The money demand function has been unstable …
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ESSAYS ON MONETARY ECONOMICS
… of three chapters on inflation dynamics and money demands. Chapter 1 tests the forward-looking New Keynesian Phillips curve using a novel panel data set for the 50 U.S. states from year 1977 to 2005. Consistent with Gali and Gertler (1999), our results support a linkage between inflation and …
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A cash-in-advance model of production
… weeks, depending on the industry examined and money variable used. Unlike other empirical work using CIA models, the introduction of the concept of period length allows this model to display variability in the velocity of money. It is also found that the CIA binds between 1% to 13% of the time …
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The nexus between financial innovations and velocity of money: Evidence from Namibia
The study of the velocity for money in an economy is a central issue in central bank policy formulation. This is so because a steady demand for money function is vital for the conduct of effective monetary policy. The study investigated the relationship between financial innovations and the …
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Three essays on monetary policy analysis in Mongolia
… inflation is largely driven by oil price and money demand (LM) shocks. The second paper develops an empirical model for inflation in Mongolia using both Bayesian and classical approaches. In particular, we first estimate long-run markup and money demand relationships using cointegration …
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Three essays on monetary policy analysis in Mongolia
… inflation is largely driven by oil price and money demand (LM) shocks. The second paper develops an empirical model for inflation in Mongolia using both Bayesian and classical approaches. In particular, we first estimate long-run markup and money demand relationships using cointegration …
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Essays on Development Economics: Issues in Macroeconomics and Population
… environment where agents' inflation tax evasive demand for foreign money is balanced by the concern for the possibility that the government may impose economy-wide capital controls under which foreign currency transactions are costly. We contrast implications of constant beliefs regarding capital …
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Financial liberalisation in Zimbabwe : what went wrong?
… significant and positive relationship with real money demand and real savings? This paper will show that in Zimbabwe this relationship does indeed exist. The existence of such a relationship suggests that the freeing of interest rates in 1991 should have raised savings and financial …
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Essays on Imperfections in Money and Capital Markets
The first essay explores the demand for M1, M3 and broad money (BM) and economic uncertainty in Australia over the period 1976:2-2008:4. The results suggest that we have evidence of cointegration between money, economic activity, interest rate and price for the pre-deregulation sub-period. The …
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DIGITAL CURRENCY: IMPACT ON CHINA’S MONETARY AND FISCAL POLICIES
… of digital currency on China’s monetary cost, money demand and supply, efficiency of tax collection and tax revenue growth rate. This study reveals that the evolution of the digital currency will reduce the demand for cash; can increase the money multiplier, which helps increase the money …
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A Re-Examination Of Money And Business Cycles
… the empirical evidence that examines the role of money relies on the use of simple sum aggregates, which are not consistent with aggregation theory. As a result, the dissertation re-examines previous results using monetary services indexes that are consistent with economic, aggregation, and index …
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Essays On Monetary Control
… some issues related to the control of the money supply. Some issues considered are the appropriate instrument for monetary control (monetary base or interest rate), the time horizon over which this control should be effected, and the correct response to deviations of the money stock from …
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