This paper surveys a selected number of studies that evaluated the demand for money using
the error-correction model approach in the 1990s across a range of industrial and …

A stable money demand forms the cornerstone in formulating and conducting monetary
policy. Consequently, numerous theoretical and empirical studies have been conducted in …

We investigate whether financial development benefits from financial globalisation are
questionable until certain thresholds of financial globalisation are attained. The empirical …

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its
consequences for the effectiveness of monetary policy. The paper argues that …

Purpose–The issue of which financial initial conditions are necessary to materialize the
benefits of financial globalization remains open to debate in the literature. In this paper, the …

Purpose–Studies that have addressed the stability of the demand for money in African
countries are rare. A few papers have addressed the issue in a small number of individual …

Purpose‐The purpose of this paper is to empirically investigate the money demand function
for five Southeast Asian countries, viz. Malaysia, Thailand, Singapore, the Philippines, and …

Monetary policy in Nigeria aims is to achieve price and monetary stability. During the 1980s
and 1990s, monetary targeting was the dominant monetary policy framework in Nigeria …

This paper examines M2 money targeting, the stability of real M2 money demand, and the
effects of deviations of actual real M2 growth rates from targets on real GDP growth and …

Purpose–The purpose of this paper is to investigate the impact of liberalisations policies on
income inequality in African countries. Examining whether the liberalisations policies have …