Rupture structurelle et demande de monnaie au Rwanda

Jean-François Goux () and Thomas Rusuhuzwa Kigabo ()
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Jean-François Goux: University of Lyon, Lyon, F-69003, France; CNRS, UMR 5824, GATE, Ecully, F-69130, France; ENS LSH, Lyon, F-69007, France ; Centre Leon Berard, Lyon, F-69003, France
Thomas Rusuhuzwa Kigabo: Département d’Economie, Université Nationale du Rwanda et Banque Nationale du Rwanda

No 727, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: This study examines, for the case of Rwanda, if the existence of a cointegration relation for money demand can be established by taking account of possibilities of break in the structure of trend of the variables used in modelling. We thus take into account the various events that the country knew for the selected period of study (First quarter 1980 - last quarter 1999). This method makes it possible indeed to highlight such a relation for the velocity of circulation of M1, sensitive to the interest rate and the rate of exchange. It also exists for the money demand M2.

Keywords: sequential money demand; Rwanda; structural breaks (search for similar items in EconPapers)
JEL-codes: C52 E41 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2007-11
New Economics Papers: this item is included in nep-afr and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:0727

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