01770cas a2200241 a 4500 AALejournalIMF001387 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844382 1018-5941 BD-DhAAL BD-DhAAL Nachega, Jean-Claude. A Cointegration Analysis of Broad Money Demand in Cameroon / Jean-Claude Nachega. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (39 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 This paper applies cointegration analysis and error-correction modeling to investigate the behavior of broad money demand in Cameroon over 1963/64-1993/94. The cointegrated VAR analysis first describes an open-economy model of money, prices, income, and a vector of rates of return, within which three steady state relations are identified: a stable money demand function, an excess aggregate demand relationship, and the uncovered interest rate relation under fixed exchange rates and perfect capital mobility. Empirical support is thereafter provided for both PPP and the international Fisher parity between Cameroon and France, and the stability of the short-run dynamics of the broad money demand function is confirmed. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/026 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/026/001.2001.issue-026-en.xml IMF e-Library