Analyse du multiplicateur monétaire en zone CEMAC

Money multiplier analysis in CEMAC subregion

Francis Ngomba Bodi and Julie Onomo

MPRA Paper from University Library of Munich, Germany

Abstract: The originality of this paper is to provide the first analysis of the money multiplier in CEMAC zone. The money and its evolution is connected to the macroeconomic, monetary and financial situation. We have found that the money supply and the monetary base are linked in the long run in all the countries except in the Central African Republic, which indicates a certain stability of the monetary multiplier. Given these results, the monetary multiplier is still relevant for the ECCAS subregion, particularly as regards the determination of the sub-regional limit of intervention.

Keywords: money multiplier; monetary base; money supply; stationarity; cointegration; multiplier forecasting; relative contributions to monetary growth (search for similar items in EconPapers)
JEL-codes: E40 E41 E47 E50 E51 E52 (search for similar items in EconPapers)
Date: 2018-10
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116431

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