Article ID Journal Published Year Pages File Type
968999 Journal of Policy Modeling 2006 8 Pages PDF
Abstract

Using the ARDL approach combined with CUSUM and CUSUMSQ tests, we examined the cointegrating property and stability of M2 money demand. The results show the M2 is cointegrated with income, interest rate and exchange rate. Moreover, the result revealed somewhat stable relation in particular the CUSUM test.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The stability of money demand in Nigeria: An autoregressive distributed lag approach
Authors
,