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Financial Innovation and Money Demand: Evidence from Sub-Saharan Africa

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  • Elizabeth Kasekende
  • John P. Dunne

Abstract

While the effect of financial innovation on money demand has been widely researched in industrialised countries, because of its major role in monetary policy, few studies have focussed on developing countries. This is surprising given the considerable growth in financial innovation in Sub-Saharan Africa in recent years and its potential implications for developing country macroeconomic […]

Suggested Citation

  • Elizabeth Kasekende & John P. Dunne, 2016. "Financial Innovation and Money Demand: Evidence from Sub-Saharan Africa," Working Papers 583, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:583
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    More about this item

    Keywords

    central bank; Financial Markets; Technological Innovation;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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