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Do Exchange Rate Changes Have Asymmetric or Symmetric Effects on the Demand for Money in the Gambia
| Content Provider | Semantic Scholar |
|---|---|
| Author | Bah, Kebba Khan, Karamat Aziez, Artif Taufiq Nurrachman Kishwar, Ali |
| Copyright Year | 2019 |
| Abstract | In trying to explain the relationship between exchange rate and demand for money researchers have applied different models. In this paper, we applied both the linear and nonlinear ARDL to check the effects of exchange rate changes on the demand for money (M1 and M2) in The Gambia. The result revealed that the demand for money is cointegrated with its determinants and have a stable short-run relationship. It also revealed that exchange rate changes have only short-run asymmetric effects on demand for money (M1 or M2) but don’t have long-run effects. |
| Starting Page | 276 |
| Ending Page | 289 |
| Page Count | 14 |
| File Format | PDF HTM / HTML |
| DOI | 10.5296/ijafr.v9i4.15705 |
| Volume Number | 9 |
| Alternate Webpage(s) | http://www.macrothink.org/journal/index.php/ijafr/article/download/15705/pdf |
| Alternate Webpage(s) | https://doi.org/10.5296/ijafr.v9i4.15705 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
