英文文献：The Long Run Stability of Money Demand in the Proposed West African Monetary Union-拟议中的西非货币联盟货币需求的长期稳定
英文文献作者：Simplice A. Asongu,Oludele E. Folarin,Nicholas Biekpe
英文文献摘要：
This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across ECOWAS member states in the stability of money demand. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error correction in event of a shock.

本研究考察了拟议中的西非货币联盟(WAMU)货币需求的稳定性。该研究使用了组成西非国家经济共同体(ECOWAS)的15个国家中的13个1981年至2015年的年度数据。设计了一个标准的货币需求函数，并利用协整和误差修正模型的边界检验方法进行估计。调查结果显示，西非经共体成员国在货币需求稳定性方面存在分歧。这种分歧是由协整、稳定性、短期和长期决定因素的差异，以及在发生冲击时的错误修正。