Research Department, Central Bank of Nigeria
Broad Money Demand, Financial Liberalization, Broad Money, South Africa
The paper, therefore, tried to study the stability of money demand using different estimation procedures under a financially liberalized economy (South Africa). This was done by developing a fixed-coefficient error-correction model for broad money demand function for the period 1971 to 2000, after which quarterly forecasts were generated for 2001 and 2002, using a varying-parameter regression model.
CBN Economic and Financial Review (EFR)
Abdullahi, Abdurrahman. (2006). Broad Money Demand and Financial Liberalization in South Africa: a review. Economic and Financial Review, 44(1), 149-153.