Asymmetric effects of exchange rate changes on the demand for money in Africa

References

• Adam, C. 1999. “Financial Liberalization and Currency Demand in Zambia.” Journal of African Economies 8: 268–306.
   Web of Science ®Google Scholar
• Andoh, S. K., and D. Chappell. 2002. “Stability of the Money Demand Function: Evidence from Ghana.” Applied Economics Letters 9: 875–878.
   Web of Science ®Google Scholar
• Anoruo, E. 2002. “Stability of the Nigerian M2 Money Demand Function in the SAP Period.” Economic Bulletin 14: 1–9.
   Google Scholar
• Arango, S., and M. Ishaq Nadiri. 1981. “Demand for Money in Open Economies.” Journal of Monetary Economics 7: 69–83.
   Web of Science ®Google Scholar
• Arize, A. C., and S. S. Shwiff. 1998. “The Appropriate Exchange Rate Variable in the Money Demand of 25 Countries: An Empirical Investigation.” North American Journal of Economics and Finance 9: 169–185.
   Google Scholar
• Bahmani-Oskooee, M. 1998. “Are Devaluations Contractionary in LDCs?” Journal of Economic Development 23: 131–144.
   Google Scholar
• Bahmani-Oskooee, M., and S. Bahmani. 2015. “Nonlinear ARDL Approach and the Demand for Money in Iran.” Economics Bulletin 35: 381–391.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and A. Gelan. 2007. “Real and Nominal Effective Exchange Rates for African Countries: 1971: I-2004: III.” Applied Economics 39: 961–979.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., and A. Gelan. 2009. “How Stable Is the Demand for Money in African Countries.” Journal of Economic Studies 36: 216–235.
   Google Scholar
• Bahmani-Oskooee, M., and A. Kones. 2014. “Economic Uncertainty, Monetary Uncertainty, and the Demand for Money in Africa.” Applied Economics Quarterly 40: 293–313.
   Google Scholar
• Bahmani-Oskooee, M., and M. Pourheydarian. 1990. “Exchange Rate Sensitivity of the Demand for Money and Effectiveness of Fiscal and Monetary Policies.” Applied Economics 22: 1377–1384.
   Web of Science ®Google Scholar
• Domowitz, I., and I. Elbadawi. 1987. “An Error-Correction Approach to Money Demand: The Case of Sudan.” Journal of Development Economics 26: 257–275.
   Web of Science ®Google Scholar
• Fielding, D. 1994. “Money Demand in Four African Countries.” Journal of Economic Studies 21: 3–37.
   Google Scholar
• Fielding, D. 1999. “Interest, Credit and Liquid Assets in Côte D’lvoire.” Journal of African Economies 8: 448–478.
   Web of Science ®Google Scholar
• Henstridge, N. M. 1999. “De-Monetisation, Inflation and Coffee: The Demand for Money in Uganda.” Journal of African Economies 8: 345–385.
   Web of Science ®Google Scholar
• Hoffman, D. L., and C. Tahiri. 1994. “Money Demand in Morocco: Estimating Long Run Elasticities for a Developing Country”, Oxford Bulletin of Economics and Statistics, 56: 305–324.
   Google Scholar
• Mundell, R. A. 1963. “Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates.” Canadian Journal of Economics and Political Science 29: 475–485.
   Google Scholar
• Nell, K. S. 2003. “The Stability of M3 Money Demand and Monetary Growth Targets: The Case of South Africa.” Journal of Development Studies 39: 151–180.
   Web of Science ®Google Scholar
• Pesaran, M. H., Y. Shin, and R. J. Smith. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships.” Journal of Applied Econometrics 16: 289–326.
   Web of Science ®Google Scholar
• Randa, J. 1999. “Economic Reform and the Stability of the Demand for Money in Tanzania.” Journal of African Economies 8: 307–344.
   Web of Science ®Google Scholar
• Shin, Y., B. Yu, and M. Greenwood-Nimmo. 2014. “Modelling Asymmetric Cointegration And Dynamic Multipliers in a Nonlinear ARDL Framework” Festschrift in Honor of Peter Schmidt: Econometric Methods and Applications, eds. by R. Sickels and W. Horrace: Springer, 281–314.”
   Google Scholar
• Simmons, R. 1992. “An Error-Correction Approach to Demand for Money in Five African Developing Countries.” Journal of Economic Studies 19: 29–47.
   Google Scholar
• Sterken, E. 2004. “Demand for Money and Shortages in Ethiopia.” Applied Economics Letters 11: 759–769.
   Web of Science ®Google Scholar