Investigating The Stability Of Money Demand In Namibia
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Investigating The Stability Of Money Demand In Namibia
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Author : Mubusisi Mabuku
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2010
Investigating The Stability Of Money Demand In Namibia written by Mubusisi Mabuku and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Demand for money categories.
The stability of money demand is important for ensuring that money in the economy is predictable and is related to a set of key economic variables linking money and the real sector. This book presents a case for the stability of money demand in Namibia by employing various econometric tests. The objectives of which are three-fold. Firstly, it tries to look at the stability of both M1 and M2. Secondly, it tries to investigate further, as to which of the two measures is more stable. Thirdly, it also tries to determine the relationship between money demand and nominal variables, such as income, CPI, exchange rate and interest rate. This book provides a careful analysis on the stability of money demand and should thus shed more light on the stability of money demand in the Namibian context which is itself critical in the formulation of monetary policy for Namibia. The analysis should be useful to Central Bank professionals and Economists including those interested in issues relating to money demand.
Investigating The Stability Of Money Demand In Namibia
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Author : Mubusisi M. Mabuku
language : en
Publisher:
Release Date : 2009
Investigating The Stability Of Money Demand In Namibia written by Mubusisi M. Mabuku and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Demand for money categories.
Assessing The Asymmetric Implications Of The Common Monetary Area On The Stability Of The Namibian Money Demand Function
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Author : Doughlas Mwangala Ndana
language : en
Publisher:
Release Date : 2023
Assessing The Asymmetric Implications Of The Common Monetary Area On The Stability Of The Namibian Money Demand Function written by Doughlas Mwangala Ndana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
The anecdote of this study is broadly focused on assessing the asymmetric implications of the Common Monetary Area (CMA) on the stability of the Namibian money demand function (MDF) using a nonlinear autoregressive distributed lag (NARDL) model covering the period 2001q1 to 2021q3. It is provoked by long extant literature’s recognition that MDF stability is a prerequisite for effective and successful monetary policy implementation. Surprisingly antecedent global and Namibian research results have remained broadly divergent, with the adoption of appropriate models, particularly nonlinear models found to be sparse. A local study that investigated the nonlinear drivers of money demand failed to ascertain the stability of the Namibian MDF, hence, the present research seeks establish the asymmetric impact of the CMA on the Namibian MDF, and ascertain the stability of the function. The results reveal the existence of a long-run relationship between money demand and the South African repo rate (SA_repo), income, three-month TB rate, inflation rate, exchange rate and deposit rate. It has been further found that long-run asymmetric impacts of most variables on the Namibian MDF are incomplete. Focusing on the main thrust of the study, positive shocks in the SA_repo, a CMA proxy, have a significant asymmetric influence on MDF in the long-run. Short-run results of the model are corroborated by a negative and statistically significant error correction term indicating that 23% of short-run deviations are corrected in each quarter over the sample period. The study further show that the short-run effects of most regressors are asymmetric and that the Namibian MDF is stable. The asymmetric dynamic multiplier effects of the SA_repo on the Namibian MDF reveals that positive shocks in the variable dominate their negative counterparts with the impact more pronounced in the long-run. Therefore, as an antidote, in its monetary policy implementation, the Bank of Namibia should vigorously o
Examining The Effect Of Financial Innovation On The Stability Of The Demand For Money Function In Namibia
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Author : Alisa N. N. Shidhika
language : en
Publisher:
Release Date : 2015
Examining The Effect Of Financial Innovation On The Stability Of The Demand For Money Function In Namibia written by Alisa N. N. Shidhika and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Demand for money categories.
Survey Of Literature On Demand For Money
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Author : Mr.Subramanian S. Sriram
language : en
Publisher: International Monetary Fund
Release Date : 1999-05-01
Survey Of Literature On Demand For Money written by Mr.Subramanian S. Sriram and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-05-01 with Business & Economics categories.
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Namibia
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-15
Namibia written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-15 with Business & Economics categories.
The paper assesses the stability of Namibia’s financial system. Macrofinancial vulnerabilities have built up over a period of rapid economic growth in Namibia, and the financial cycle has now turned down. The sovereign debt/GDP ratio has nearly doubled since 2014 which has reinforced the already strong bank-sovereign link. The rapid rise in housing prices and household debt, banks’ large exposure to mortgages, and banks reliance on wholesale funding are sources of concern. A major decline in real estate prices would adversely affect bank capital and profitability. Financial sector oversight has been strengthened significantly since the 2006 Financial System Assessment Program, but further upgrades are needed.
The Demand For Money
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Author : David E. W. Laidler
language : en
Publisher:
Release Date : 1970
The Demand For Money written by David E. W. Laidler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with categories.
Estimating The Demand For Money In Namibia
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Author : Sylvanus I. Ikhide
language : en
Publisher:
Release Date : 2001
Estimating The Demand For Money In Namibia written by Sylvanus I. Ikhide and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Demand for money categories.
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance
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Author : El Bachir Boukherouaa
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-22
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance written by El Bachir Boukherouaa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-22 with Business & Economics categories.
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Occasional Paper No 3
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Author : Commonwealth and Continental Church Society
language : en
Publisher:
Release Date : 1839
Occasional Paper No 3 written by Commonwealth and Continental Church Society and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1839 with categories.