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  • 标题:The Demand for Money in Cote d’Ivoire: Evidence from the Cointegration Test.
  • 本地全文:下载
  • 作者:Drama Bedi Guy Herve ; Yao Shen
  • 期刊名称:International Journal of Economics and Finance
  • 印刷版ISSN:1916-971X
  • 电子版ISSN:1916-9728
  • 出版年度:2011
  • 卷号:3
  • 期号:1
  • 页码:188-188
  • DOI:10.5539/ijef.v3n1p188
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    This paper demonstrates that there is a long run equilibrium relationship between money supply and its main determinants, real income (GDP) and interest rate in Cote d’Ivoire. In order to investigate long-term relationship among these variables, we use Juselius and Johansen cointegration test with time series data covering the period of 1980-2007. The results show that there is long-term relationship among these variables as well as the linkage between them. Base from this result we found that only real money balances 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 is not so stable linking with it determinants.

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