Master'sOpen Access

Reconsidering the Stability of Money Demand in Nigeria

2021
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Advisor: Mustafa (Supervisor) İsmihan

Abstract (EN)

This study attempts to investigate the long run stability of money demand in Nigeria from the period of 1980 to 2018. The data used were sourced from the World Development Indicators (WDI) and the ARDL method of cointegration analysis was used to estimate money demand function. The empirical results provide evidence for the existence of a cointegrating relationship between the real money demand, real GDP, the real deposit interest rate, and financial development. Furthermore, it is shown that financial development plays a key role in the stability of money demand in Nigeria over the long-run.

Author

Dr. Deborah Bose Adebayo

How to Cite

Deborah Bose Adebayo (Master Thesis). Reconsidering the Stability of Money Demand in Nigeria, 2021, Eastern Mediterranean University.

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