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A ReExamination of the Demand for Money in Fiji

A Re-Examination of the Demand for Money in Fiji

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Reference ID: PS-7112-TM

DEDICATION

This research material titled “A Re-Examination of the Demand for Money in Fiji” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Economics, Book Authors and Profound Scholars of existing or related project material on “A Re-Examination of the Demand for Money in Fiji” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

The demand for money is at the heart of how policy should be conducted effectively. Money demand serves as a conduit in the transmission mechanism for monetary policy so the stability of the money demand function is critical if monetary policy is to have predictable effects on inflation and real output. In most developed and developing countries, policymakers have frequently questioned whether the demand for money is stable. Generally, the majority of studies find that the demand for money is unstable and monetary aggregates have lost their influence in the conduct of monetary policy.

In Fiji, for some time, the role of monetary aggregates as intermediate targets has been downplayed. However, there has been renewed interest in the stability of the demand for money in Fiji and so this paper’s objective is to re-examine this topical issue. Because of ongoing financial sector reforms1, the determinants of money demand in Fiji will be difficult to establish. Nevertheless, this paper aims to provide a sound theoretical and empirical basis for modeling the demand for money. This paper employs co-integration analysis to examine the stability of the demand for money. Additionally, the error correction technique is also used to confirm the findings of the co-integration analysis.


A Re-Examination of the Demand for Money in Fiji

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

Summary Headlines for A Re-Examination of the Demand for Money in Fiji



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