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Broad Money Demand And Financial Liberalization In South Africa: A Review, Abdurrahman Abdullahi
Broad Money Demand And Financial Liberalization In South Africa: A Review, Abdurrahman Abdullahi
Economic and Financial Review
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.