The Stability of the Demand for Money: Evidence from the Post-1973 Period: A Reply

1982 ◽  
Vol 64 (2) ◽  
pp. 358 ◽  
Author(s):  
G. S. Laumas ◽  
David E. Spencer
Keyword(s):  
Demand For Money ◽  
The Stability

On the stability of demand for money in a developing economy

2003 ◽  
Vol 72 (1) ◽  
pp. 335-351 ◽  
Author(s):  
Basanta K. Pradhan ◽  
A. Subramanian
Keyword(s):  
Developing Economy ◽  
Demand For Money ◽  
The Stability

scholarly journals PROSPEK HUKUM ISLAM DI BIDANG PENGUATAN MONETER DENGAN PEMBERLAKUAN MATA UANG DINAR DAN DIRHAM

2018 ◽  
Vol 3 (2) ◽  
pp. 212
Author(s):  
Rahmat Fauzi
Keyword(s):  
Risk Sharing ◽  
Profit Sharing ◽  
Effective Demand ◽  
Demand For Money ◽  
Goods And Services ◽  
Speed Up ◽  
The Stability ◽  
Value Of Money

The limitation of the use of coins lies in its weight, so that since before Islam, in addition to the currency of the dinar and dirham, also apply to the trade papers and bonds (credit) for large commercial transactions. In running his government, at least the Prophet set nine policies in the field of monetary, among them are: First, let the currency of dinar and dirhams and trade notes and bonds payable. Second, the exemption of tariffs and import duties on imports of gold and silver and commodities from the Persian and Roman regions. Third, the prohibition of money accumulation (kanz). Fourth, the prohibition of stockpiling to maintain the stability of the value of money. Fifth, the prohibition of lending money (riba) which is run along with the prohibition of hoarding money (kanz) has accelerated the circulation of money directed to investment activities. Sixth, encourage interest-free loans (qardhul hasan) and profit sharing and risk sharing models. Seventh, prevent speculative activities. Eighth, increasing the production of goods and services. Ninth, the abolition of the trade monopoly of the Quraysh in Ukaz and Dul-Majaz markets after the conquest of Mecca. The removal of this monopoly improves the efficiency and distribution of better income. Effective demand and demand for money transactions increased so as to speed up the circulation of money.

scholarly journals Importance Of Money And Credit

2011 ◽  
Vol 8 (1) ◽  
Author(s):  
Michael Cosgrove ◽  
Daniel Marsh
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Federal Reserve ◽  
Rapid Growth ◽  
Credit Crisis ◽  
Short Term ◽  
Demand For Money ◽  
The Stability

The thesis of this paper is that the Federal Reserve could better achieve their goals if they paid more attention to quantity targets of both money and credit. The rapid growth in credit that ended in the credit crisis of 2007 and 2008 might have been avoided had the Federal Reserve attempted to incorporate quantitative credit measures in assessing policy. But their focus on short-term interest rates in conducting monetary policy to the exclusion of credit measures led to inaction on their part. The stability of the demand for money and credit determined by this analysis suggests the Federal Reserve could have taken policy steps early in this cycle jawboning, quantitative and regulatory to temper the credit bubble and potentially avoid the credit crisis.

scholarly journals The stability of demand for money in the proposed Southern African Monetary Union

2019 ◽  
Vol 15 (2) ◽  
pp. 222-244 ◽  
Author(s):  
Simplice Asongu ◽  
Oludele Folarin ◽  
Nicholas Biekpe
Keyword(s):  
Error Correction ◽  
Monetary Union ◽  
Policy Implications ◽  
Annual Data ◽  
Bounds Testing ◽  
Demand For Money ◽  
Content Type ◽  
Short Run ◽  
The Stability ◽  
Error Correction Modeling

Purpose The purpose of this paper is to investigate the stability of demand for money in the proposed Southern African Monetary Union (SAMU). Design/methodology/approach The study uses annual data for the period 1981 to 2015 from ten countries making-up the Southern African Development Community. A standard function of demand for money is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. Findings The findings show divergence across countries in the stability of money. This divergence is articulated in terms of differences in cointegration, CUSUM (cumulative sum) and CUSUMSQ (CUSUM squared) tests, short run and long-term determinants and error correction in event of a shock. Policy implications are discussed in the light of the convergence needed for the feasibility of the proposed SAMU. Originality/value This study extends the debate in scholarly and policy circles on the feasibility of proposed African monetary unions.

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