Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 298

Table of Content: August 2014; 6(8)

August 2014

Empirical analysis of the elasticity of real money demand to macroeconomic variables in the United Kingdom with 2008 financial crisis effects

  This research work has employed vector error correction and cointegration techniques in order to estimate the elasticity of real money demand to macroeconomic variables such as industrial production index, exchange rates and short-term interest rates in the United Kingdom. Also, global financial crisis was introduced as an impulse variable to capture structural breaks inherent in the series. Empirical results...

Author(s): Aweda Nurudeen Olawale, Akinsanya Taofik, Akingbade Adekunle and Are Stephen Olusegun

August 2014

Exchange rate regimes and inflation in Sub-Saharan Africa

The main argument in favor of a fixed exchange rate regime (ERR) is its ability to maintain lower inflation in the long run compared to a flexible ERR (Mundell, 1963; Fleming, 1962). This paper empirically tests whether the fixed ERR of the CFA franc currency union provides lower inflation to its members relative to inflation in the non-CFA Sub-Saharan African (SSA) countries. SSA countries are grouped by their exchange...

Author(s): Julie Lohi