An examination of the demand for money in Swaziland: A cointegration and vector error correction mechanism aproach
| dc.contributor.author | Tatenda, Mawire Willard | |
| dc.date.accessioned | 2025-06-20T10:24:04Z | |
| dc.date.available | 2025-06-20T10:24:04Z | |
| dc.date.issued | 2014 | |
| dc.description | Masters Theses | |
| dc.description.abstract | Examining the money demand function is an area which has received attention at both the academic and policy discourse levels due to its impact on the effectiveness of monetary policy. Based on this background, the study examined the money demand function in Swaziland from 1994 to 2013 using quarterly data. Following the review of the theoretical and empirical literature, a model linking the money demand function to its determinants was specified. The Johansen cointegration test was utilised to examine the long-term relationship between the money demand function and its determinants. The results showed that there is a long-term relationship between the money demand function and its determinants as specified in the model. The VECM was also specified to analyse the short-term interaction between the money demand function and its determinants, the results showed that in the event that there is disequilibrium, it takes about 51 % for it to correct. The CASUM and the CASUMSQ were also estimated to analyse the stability of the money demand function in South Africa. The results showed that there are periods in which the money demand function is not stable in Swaziland. | |
| dc.identifier.citation | Tatenda,M.W.(2014).An examination of the demand for money in Swaziland: A cointegration and vector error correction mechanism aproach.Alice: University of Fort Hare | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11837/2892 | |
| dc.language.iso | en | |
| dc.publisher | University of Fort Hare | |
| dc.relation.ispartofseries | N/A | |
| dc.subject | TECHNOLOGY::Industrial engineering and economy::Industrial organisation, administration and economics | |
| dc.title | An examination of the demand for money in Swaziland: A cointegration and vector error correction mechanism aproach | |
| dc.type | Thesis |