01579cas a2200253 a 4500 AALejournalIMF011409 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463925284 1018-5941 BD-DhAAL BD-DhAAL Kovanen, Arto. On the Stability of Money Demand in Ghana : A Bounds Testing Approach / Arto Kovanen, Jihad Dagher. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (18 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 adopts the bounds testing procedure developed by Pesaran and others (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money demand during a period of substantial changes in the financial markets. The empirical evidence points to complex dynamics between money demand and its determinants while suggesting that deviations from the equilibrium are rather short-lived.1. Mode of access: Internet Dagher, Jihad. IMF Working Papers; Working Paper ; No. 2011/273 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/273/001.2011.issue-273-en.xml IMF e-Library