Economics, Econometrics and Finance
4 years ago

Stable money demand in West Africa paves the way for economic growth.

RePEc: Research Papers in Economics
Money Demand and Regional Monetary Policy in the West African Economic and Monetary Union
Philipp Rother

Paper Summary

Regional monetary policy in the West African Economic and Monetary Union has been influenced by financial changes. The stability of money demand is crucial for monetary policy. The study found that narrow money (M1) has a stable relationship, allowing the central bank to continue its monetary policy in line with the fixed exchange rate system as long as financial stability is maintained.

Related papers

Economics, Econometrics and Finance
5 years ago

Tunisia's Central Bank urged to adjust monetary policy targets for stability.

Banking Finance
Macroeconomic Analysis
International Finance
Economics, Econometrics and Finance
8 years ago

Money targets in Kenya lead to increased macroeconomic volatility, study finds.

Macroeconomic Analysis
Infrastructure Impact
Monetary Models
Economics, Econometrics and Finance
8 years ago

Monetary policy challenges threaten East African economic stability and growth.

Macroeconomic Analysis
International Finance
Financial Access