On black market exchange rate and demand for money in developing countries: the case of Nigeria.: An article from: Atlantic Economic Journal

This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on March 1, 1995. The length of the article is 4572 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This paper examines the hitherto unexplored question of the effects of the black market exchange rate expectations on the domestic demand for money in Nigeria. This study finds that real income and expected inflation rates are the appropriate scale and opportunity cost variables for the demand for money function in Nigeria. The results also suggest that depreciation in black market exchange rate exerts a significant negative impact on the domestic demand for money. A policy implication of this research is that since a depreciation of the black market exchange rate tends to decrease the demand for money, it should be taken into account in the execution of monetary policy. (JEL E41)

Citation Details
Title: On black market exchange rate and demand for money in developing countries: the case of Nigeria.
Author: M. Kabir Hassan
Publication:Atlantic Economic Journal (Refereed)
Date: March 1, 1995
Publisher: Atlantic Economic Society
Volume: v23 Issue: n1 Page: p35(10)

Distributed by Thomson Gale