On the stability of money multiplier relations in Nigeria: an alternative testing procedure.

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dc.contributor.authorDoguwa, S. l.
dc.date.accessioned2018-10-18T14:18:00Z
dc.date.available2018-10-18T14:18:00Z
dc.date.issued1997-03
dc.description.abstractThe question of stability over time of the adjusted money multiplier relation is of crucial importance for adjusted base money to act as the main link to money supply. This paper tests theĀ· hypothesis of stability of money multiplier relations in Nigeria using the forward recursive cusum of squares that uses a confidence interval which is distributed as Pyke 's modified Kolmogrov-Smirnov statistic. The results of the stability tests applied to monthly data from January, 1991 to December, 199 5 suggest that the functions underlying the adjusted money multipliers were not stable between March, I 99 2 and December, I 994. The two multiplier relations were, however.found to be stable in fiscal 1995, suggesting that the adjusted base money was the main link to the money stock in that period.en_US
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dc.description.provenanceMade available in DSpace on 2018-10-18T14:18:00Z (GMT). No. of bitstreams: 1 On the stability of money multiplier relations in nigeria an alternative testing procedure.pdf: 2200346 bytes, checksum: 1e158f702acdfbf9a8636b13034a822c (MD5) Previous issue date: 1997-03en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationDoguwa, S. I. (1997). On the stability of money multiplier relations in Nigeria: an alternative testing procedure. Economic and Financial Review, 35(1), 1ā€“22.en_US
dc.identifier.issn1957-2698
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/412
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 35;No. 1
dc.subjectStability,en_US
dc.subjectMoney multiplier relations,en_US
dc.subjectMonetary control,en_US
dc.subjectMoney supply,en_US
dc.subjectNigeria.en_US
dc.titleOn the stability of money multiplier relations in Nigeria: an alternative testing procedure.en_US
dc.typeArticleen_US

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