01755cas a2200241 a 4500 AALejournalIMF000746 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857467 1018-5941 BD-DhAAL BD-DhAAL Pinon-Farah, Marco. Demand for Money in Mozambique : Was There a Structural Break? / Marco Pinon-Farah. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper provides estimates of an error-correction model of the demand for narrow money (M1) and broad money (M2) in Mozambique. In addition, it assesses whether the rapid growth in money balances during 1996-97 represents a structural break or can be associated with the rapidly expanding economic activity and lower opportunity costs of holding money. In contrast with several studies of economies at a similar level of development as Mozambique, the paper obtains statistically significant coefficients for both financial and real explanatory variables. In this connection, it successfully includes the yield of foreign instruments (expressed in local currency) as one of the key explanatory variables. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/157 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/157/001.1998.issue-157-en.xml IMF e-Library