经济的不确定性，货币的不确定性，以及非洲的货币需求

Q4 Economics, Econometrics and Finance

Applied Economics Quarterly Pub Date : 2014-12-01 DOI:10.3790/aeq.60.4.293

Mohsen Bahmani‐Oskooee, Alice Kones

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引用次数: 18

摘要

由于经济和货币的不确定性，预计个人将把他们的投资组合配置为持有货币和其他形式的资产。根据有关货币需求的文献，我们在21个非洲国家测试了经济和货币不确定性对货币需求的影响。通过依赖季度数据、基于garch的不确定性度量和边界检验方法，我们发现这两种度量的影响在许多非洲国家大多是暂时的，不会持续很长时间。此外，通过纳入两个不确定性指标，我们发现每个非洲国家的货币需求都是稳定的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Economic Uncertainty, Monetary Uncertainty, and the Demand for Money in Africa

Due to economic and monetary uncertainty individuals are expected to allocate their portfolio towards holding money and alternative forms of assets. Following the literature on money demand, we test the impact of economic and monetary uncertainty on the demand for money in 21 African nations. By relying upon quarterly data, GARCH-based measures of uncertainty, and bounds testing approach we find that the impact of both measures are mostly transitory in many of the African countries and do not last into long run. Furthermore, by including the two uncertainty measures we found that the demand for money in every African nation is stable.

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来源期刊

Applied Economics Quarterly Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.50

自引率

0.00%

发文量