Broad Money Demand and Financial Liberalization in South Africa: a review

Abdullahi, Abdurrahman

Broad Money Demand and Financial Liberalization in South Africa: a review

Date

2006-03

Authors

Abdullahi, Abdurrahman

Publisher

Research Department, Central Bank of Nigeria

Abstract

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.

Keywords

Broad Money Demand, Financial Liberalization, Broad Money, South Africa

Citation

Abdullahi, Abdurrahman. (2006). Broad Money Demand and Financial Liberalization in South Africa: a review. Economic and Financial Review, 44(1), 149-153.