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Real Demand for Money in South Africa

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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Rs. 4,396

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  • Product Description
 
Since the early 1980?s, a major focus in researching for the economic variables such as interest rate, income, exchange rates and inflation rates gained importance in the literature of demand for money. The present book estimates a stable long-run equilibrium relationship between money demand and its explanatory variables in South Africa over the period of 1990 to 2007 using cointegration and error correction methods. The results indicate that monetary policy is effective but for its efficiency it does not have a quick effect; it needs at least three quarters (nine months) from the day it is made in order to make a difference. In other words, there are difficulties of implementing monetary policy in emergence situation. Therefore, monetary authorities in South Africa should take in consideration that their policy decisions need three quarters to achieve their aim. Hence, monetary policies have to be ahead. Thus, interest rates have to be set based on what inflation might be over the coming three quarters.
Product Specifications
SKU :COC12723
AuthorFerdinand Niyimbanira
LanguageEnglish
BindingPaperback
Number of Pages136
Publishing Year5/30/2012
ISBN978-3659102684
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-17 00:00:00