Determinants and Stability of Money Demand in Nigeria

UDEH, Sergius Nwannebuike and NWUDE, E.C and Offor, Onochie K. (2018) Determinants and Stability of Money Demand in Nigeria. International Journal of Economics and Financial Issues, 8 (3). pp. 340-353. ISSN 2146-4138

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Abstract

This study examines the determinants of broad money demand and its stability in Nigeria over the quarterly period 1991:Q1 to 2014:Q4. With ordinary least squares and other statistical methods the results indicate that a long-run relationship exists between the real broad money aggregate and real income, domestic interest rate, inflation rate, exchange rate and foreign interest rate. Real income and exchange rate are directly related to the real broad money balances while domestic interest rate, inflation rate and foreign interest rate are inversely related to the demand for broad money.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
L Education > L Education (General)
Divisions: Faculty of Management and Social Sciences
Depositing User: GOUNI ICT
Date Deposited: 22 Jun 2018 14:34
Last Modified: 22 Jun 2018 14:34
URI: http://eprints.gouni.edu.ng/id/eprint/269

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