Money Demand Determinants and Stability in Yemen: An ARDL Approach to Cointegration

2016 ◽  
Vol 3 (2) ◽  
pp. 71-78
Author(s):  
Essa Alhannom
Keyword(s):  
Money Demand ◽  
Ardl Approach

Malaysian Money Demand Function Revisited: The ARDL Approach

2008 ◽  
Vol 9 (2) ◽  
pp. 193-209 ◽  
Author(s):  
Mahendhiran Nair ◽  
Muthi Samudram ◽  
Santha Vaithilingam
Keyword(s):  
Money Demand ◽  
Demand Function ◽  
Money Demand Function ◽  
Ardl Approach

scholarly journals Money Demand in Nigeria: Application of Autoregressive Distributed Lag (ARDL) Approach

2021 ◽  
Vol 11 (4) ◽  
pp. 308-321
Author(s):  
Charles O. Manasseh ◽  
Ifeoma C. Nwakoby ◽  
Felicia C. Abada ◽  
Felix C. Alio ◽  
Ogochukwu Okanya
Keyword(s):  
Money Demand ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Ardl Approach

scholarly journals THE MONEY DEMAND FUNCTIONS IN ISLAMIC ECONOMY: NEW EVIDENCE FROM IRAN-ARDL APPROACH

2019 ◽  
Vol 4 (2) ◽  
pp. 205-222
Author(s):  
Farzaneh Sadeghi ◽  
Saeed Khadivy Rofougar
Keyword(s):  
Money Demand ◽  
Demand Function ◽  
Policy Decision ◽  
Demand For Money ◽  
Money Demand Function ◽  
Time Model ◽  
Monetary Economy ◽  
Ardl Approach ◽  
Islamic Republic Of Iran ◽  
Rental Rate

The demand for money is one of the most fundamental issues of the monetary economy for policy decision. On the other hand, according to the principle of prohibition of Riba, attitudes about the money market conditions in Islamic economics, is quite different from conventional economics. Hence achieving the money demand function in an Islamic country would be necessary. Most studies about the money demand in Islamic economy used the Keynesian approach, while in modern macroeconomics, money demand function derived by using the microeconomics-based approach. Hence in this article investigate some models of the microeconomics-based approach, then, in accordance with Islamic principles, it choose the best among them that is shopping-time model. After that we derive the Islamic money demand function. The results indicate that the demand for money is the function of income and rental rates of sukuk. The marginal product of capital due to an additional unit of income spend for Infaq (spending in Allah's way), depend on the expected inflation rate, depreciation rate and rental rates of Sukuk. In this paper, apply ARDL approach to estimate the money demand function in Islamic republic of Iran in period of 1978-2008 i.e. after Islamic revolution. The results suggested that M1 and M2 money demand are co-integrated with income and rental rate of Sukuk. Incorporating CUSUM and CUSUMSQ tests into co-integration analysis, we conclude that M2 money demand is more stable than M1.

Asymmetric responses of money demand to oil price shocks in Saudi Arabia: a non-linear ARDL approach

2016 ◽  
Vol 49 (37) ◽  
pp. 3758-3769 ◽  
Author(s):  
Mouyad Alsamara ◽  
Zouhair Mrabet ◽  
Michel Dombrecht ◽  
Karim Barkat
Keyword(s):  
Saudi Arabia ◽  
Money Demand ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Ardl Approach ◽  
Non Linear ◽  
Asymmetric Responses

scholarly journals Money Demand Balances and Exchange Rate in Pakistan: A Time Series Analysis

2020 ◽  
Vol 6 (4) ◽  
pp. 1389-1399
Author(s):  
Shazia Sana ◽  
Shahnawaz Malik ◽  
Muhammad Ramzan Sheikh ◽  
Muhammad Hanif Akhtar
Keyword(s):  
Exchange Rate ◽  
Money Demand ◽  
Demand Function ◽  
Demand For Money ◽  
Money Demand Function ◽  
Ardl Approach ◽  
Non Linear ◽  
Demand Stability ◽  
The Impact ◽  
Yearly Data

This paper investigates the impact of exchange rate on the money demand balances in Pakistan by applying linear and non-linear ARDL approach. The purpose of study is not only examining the impact of exchange rate and demand for money but also to analyze that whether demand for money in Pakistan is stable or not. For the estimation of money demand function yearly data are used from the 1972 to 2019. The findings of linear ARDL suggest that exchange rate and demand for money balances are positively related. Moreover, Non-linear ARDL exhibit that positive and negative shocks in exchange rate have mixed findings for money demand while asymmetric test shows that exchange rate has symmetric effects for money demand. Stability test suggest the stable money demand in Pakistan.

The Problem of Identifying and Modeling the Relationship between Monetary Factor and Inflation in the Russian Economy

2008 ◽  
pp. 61-76
Author(s):  
A. Porshakov ◽  
A. Ponomarenko
Keyword(s):  
Money Supply ◽  
Money Demand ◽  
Russian Economy ◽  
Long Run ◽  
Complex Approach ◽  
Wide Range ◽  
Long Time ◽  
The Relationship ◽  
Supply Side Factors

The role of monetary factor in generating inflationary processes in Russia has stimulated various debates in social and scientific circles for a relatively long time. The authors show that identification of the specificity of relationship between money and inflation requires a complex approach based on statistical modeling and involving a wide range of indicators relevant for the price changes in the economy. As a result a model of inflation for Russia implying the decomposition of inflation dynamics into demand-side and supply-side factors is suggested. The main conclusion drawn is that during the recent years the volume of inflationary pressures in the Russian economy has been determined by the deviation of money supply from money demand, rather than by money supply alone. At the same time, monetary factor has a long-run spread over time impact on inflation.

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