Cameroon's Money Demand Behavior Uncovered, Impacting Exchange Rates and Prices
The article analyzes how the demand for money in Cameroon changed over a 30-year period. By using a method called cointegration analysis, the researchers found that there are stable relationships between money, prices, income, and interest rates. They also confirmed that the short-term dynamics of money demand in Cameroon are stable. Additionally, the study supported the idea that the exchange rates between Cameroon and France follow the principles of purchasing power parity and the international Fisher parity.