Central Bank of Nigeria
Velocities, Income, Money, Inome Velocity
This paper attempts to analyse the trend behaviour of the available series, covering the 1950-66 period; in order to see whether its behaviour supports the hypothesis that in less-developed countries income velocity declines over time. Because findings about the trend behaviour of velocity tend to vary depending on the definition of money adopted, the velocity of more than one money concept is examined.
CBN Economic and Financial Review
Adekunle, J.O. (1970). Trends in Income Velocities. CBN Economic and Financial Review. 8(1), 5-15.