文章基本信息

标题：Monthly Effect on the Volume of Currency in Circulation in Ghana
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作者：Albert Luguterah ; Lea Anzagra ; Suleman Nasiru 等
期刊名称：Research Journal of Finance and Accounting
印刷版ISSN：2222-1697
出版年度：2013
卷号：4
期号：5
页码：132-137
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：In this study, the month-of–the-year effect on the volume of Currency in Circulation in Ghana was studied. The “New Year effect” was seen in the volume of Currency in Circulation as the first three months of the year clearly indicate a decrease in the volume of Currency in Circulation. The months of January, February and March decreases the volume of the Currency in Circulation by 7.4309, 5.0307 and 0.2112 percent respectively. The “December effect” was also seen in the volume of Currency in Circulation as the month of December had the highest incremental effect (18.6046%). The findings of the study also revealed that the seasonal changes in Currency in Circulation are a reflection of the effect of celebrative periods on Currency in Circulation.
关键词：Month-of-the-year; Currency in Circulation; Ghana; Liquidity management