Stability of the money demand function: evidence from Ghana

Samuel Andoh and David Chappell

Applied Economics Letters, 2002, vol. 9, issue 13, 875-878

Abstract: This paper estimates the demand for money (M2) in Ghana for the period 1960 to 1996. The hypothesis is that the different macroeconomic adjustment policies (privatization, removal of foreign exchange controls etc.) which began in the mid 1980s would alter the demand for money function. The results of the study clearly show a structural break in the demand for money function in 1983.

Date: 2002
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DOI: 10.1080/13504850210158971

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