Work

Do Exchange Rate Changes Have Asymmetric or Symmetric Effects on the Demand for Money in the Gambia

Year: 2019

Type: article

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.

Source: International Journal of Accounting and Financial Reporting

DOI: 10.5296/ijafr.v9i4.15705

Authors: Kebba Bah, Karamat Khan, Artif Taufiq Nurrachman Aziez, Ali Kishwar

Institutions: Zhongnan University of Economics and Law, University of the Gambia

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W2992401014

FWCI: 0.47

Cites: 17

Cited by: 1

Related to: 10