id	sid	tid	token	lemma	pos
framr-1734	1	1	1	1	NUM
framr-1734	1	2	©	©	PROPN
framr-1734	1	3	2020	2020	NUM
framr-1734	1	4	conscientia	conscientia	PROPN
framr-1734	1	5	beam	beam	PROPN
framr-1734	1	6	.	.	PUNCT
framr-1734	2	1	all	all	DET
framr-1734	2	2	rights	right	NOUN
framr-1734	2	3	reserved	reserve	VERB
framr-1734	2	4	.	.	PUNCT
framr-1734	3	1	evaluating	evaluate	VERB
framr-1734	3	2	the	the	DET
framr-1734	3	3	model	model	NOUN
framr-1734	3	4	of	of	ADP
framr-1734	3	5	demand	demand	NOUN
framr-1734	3	6	for	for	ADP
framr-1734	3	7	money	money	NOUN
framr-1734	3	8	in	in	ADP
framr-1734	3	9	nigeria	nigeria	PROPN
framr-1734	3	10	fasipe	fasipe	NOUN
framr-1734	3	11	,	,	PUNCT
framr-1734	3	12	temidayo	temidayo	VERB
framr-1734	3	13	b.1	b.1	PROPN
framr-1734	3	14	+	+	X
framr-1734	3	15	wasiu	wasiu	ADJ
framr-1734	3	16	a.	a.	NOUN
framr-1734	3	17	yusuf2	yusuf2	PROPN
framr-1734	4	1	1central	1central	NUM
framr-1734	4	2	bank	bank	PROPN
framr-1734	4	3	of	of	ADP
framr-1734	4	4	nigeria	nigeria	PROPN
framr-1734	4	5	(	(	PUNCT
framr-1734	4	6	hqtr	hqtr	PROPN
framr-1734	4	7	)	)	PUNCT
framr-1734	4	8	,	,	PUNCT
framr-1734	4	9	abuja	abuja	PROPN
framr-1734	4	10	,	,	PUNCT
framr-1734	4	11	nigeria	nigeria	PROPN
framr-1734	4	12	.	.	PUNCT
framr-1734	5	1	2nile	2nile	NUM
framr-1734	5	2	university	university	PROPN
framr-1734	5	3	of	of	ADP
framr-1734	5	4	nigeria	nigeria	PROPN
framr-1734	5	5	,	,	PUNCT
framr-1734	5	6	fct	fct	PROPN
framr-1734	5	7	abuja	abuja	PROPN
framr-1734	5	8	,	,	PUNCT
framr-1734	5	9	nigeria	nigeria	PROPN
framr-1734	5	10	.	.	PUNCT
framr-1734	6	1	(	(	PUNCT
framr-1734	6	2	+	+	CCONJ
framr-1734	6	3	corresponding	correspond	VERB
framr-1734	6	4	author	author	NOUN
framr-1734	6	5	)	)	PUNCT
framr-1734	6	6	abstract	abstract	ADJ
framr-1734	6	7	article	article	NOUN
framr-1734	6	8	history	history	NOUN
framr-1734	6	9	received	receive	VERB
framr-1734	6	10	:	:	PUNCT
framr-1734	6	11	13	13	NUM
framr-1734	6	12	november	november	PROPN
framr-1734	6	13	2019	2019	NUM
framr-1734	6	14	revised	revise	VERB
framr-1734	6	15	:	:	PUNCT
framr-1734	6	16	19	19	NUM
framr-1734	6	17	december	december	PROPN
framr-1734	6	18	2019	2019	NUM
framr-1734	6	19	accepted	accept	VERB
framr-1734	6	20	:	:	PUNCT
framr-1734	6	21	23	23	NUM
framr-1734	6	22	january	january	NOUN
framr-1734	6	23	2020	2020	NUM
framr-1734	6	24	published	publish	VERB
framr-1734	6	25	:	:	PUNCT
framr-1734	6	26	16	16	NUM
framr-1734	6	27	march	march	NOUN
framr-1734	6	28	2020	2020	NUM
framr-1734	6	29	keywords	keyword	VERB
framr-1734	6	30	broad	broad	ADJ
framr-1734	6	31	money	money	NOUN
framr-1734	6	32	monetary	monetary	ADJ
framr-1734	6	33	policy	policy	NOUN
framr-1734	6	34	narrow	narrow	ADJ
framr-1734	6	35	money	money	NOUN
framr-1734	6	36	treasury	treasury	NOUN
framr-1734	6	37	bill	bill	NOUN
framr-1734	6	38	saving	saving	NOUN
framr-1734	6	39	-	-	PUNCT
framr-1734	6	40	deposit	deposit	NOUN
framr-1734	6	41	rate	rate	NOUN
framr-1734	6	42	.	.	PUNCT
framr-1734	7	1	jel	jel	PROPN
framr-1734	7	2	classification	classification	NOUN
framr-1734	7	3	:	:	PUNCT
framr-1734	7	4	e41	e41	NOUN
framr-1734	7	5	;	;	PUNCT
framr-1734	7	6	c42	c42	PROPN
framr-1734	7	7	.	.	PUNCT
framr-1734	8	1	in	in	ADP
framr-1734	8	2	nigeria	nigeria	PROPN
framr-1734	8	3	,	,	PUNCT
framr-1734	8	4	demand	demand	NOUN
framr-1734	8	5	for	for	ADP
framr-1734	8	6	money	money	NOUN
framr-1734	8	7	is	be	AUX
framr-1734	8	8	frequently	frequently	ADV
framr-1734	8	9	affected	affect	VERB
framr-1734	8	10	by	by	ADP
framr-1734	8	11	factors	factor	NOUN
framr-1734	8	12	that	that	PRON
framr-1734	8	13	regularly	regularly	ADV
framr-1734	8	14	experience	experience	VERB
framr-1734	8	15	shocks	shock	NOUN
framr-1734	8	16	in	in	ADP
framr-1734	8	17	the	the	DET
framr-1734	8	18	economy	economy	NOUN
framr-1734	8	19	.	.	PUNCT
framr-1734	9	1	therefore	therefore	ADV
framr-1734	9	2	,	,	PUNCT
framr-1734	9	3	regular	regular	ADJ
framr-1734	9	4	adjustment	adjustment	NOUN
framr-1734	9	5	and	and	CCONJ
framr-1734	9	6	reforms	reform	NOUN
framr-1734	9	7	are	be	AUX
framr-1734	9	8	done	do	VERB
framr-1734	9	9	to	to	ADP
framr-1734	9	10	monetary	monetary	ADJ
framr-1734	9	11	policy	policy	NOUN
framr-1734	9	12	which	which	PRON
framr-1734	9	13	creates	create	VERB
framr-1734	9	14	a	a	DET
framr-1734	9	15	lot	lot	NOUN
framr-1734	9	16	of	of	ADP
framr-1734	9	17	uncertainties	uncertainty	NOUN
framr-1734	9	18	in	in	ADP
framr-1734	9	19	the	the	DET
framr-1734	9	20	market	market	NOUN
framr-1734	9	21	.	.	PUNCT
framr-1734	10	1	this	this	DET
framr-1734	10	2	paper	paper	NOUN
framr-1734	10	3	therefore	therefore	ADV
framr-1734	10	4	examined	examine	VERB
framr-1734	10	5	the	the	DET
framr-1734	10	6	demand	demand	NOUN
framr-1734	10	7	for	for	ADP
framr-1734	10	8	money	money	NOUN
framr-1734	10	9	(	(	PUNCT
framr-1734	10	10	narrow	narrow	ADJ
framr-1734	10	11	money	money	NOUN
framr-1734	10	12	,	,	PUNCT
framr-1734	10	13	m1	m1	PROPN
framr-1734	10	14	)	)	PUNCT
framr-1734	10	15	in	in	ADP
framr-1734	10	16	nigeria	nigeria	PROPN
framr-1734	10	17	,	,	PUNCT
framr-1734	10	18	using	use	VERB
framr-1734	10	19	quarterly	quarterly	ADJ
framr-1734	10	20	time	time	NOUN
framr-1734	10	21	series	series	PROPN
framr-1734	10	22	data	datum	NOUN
framr-1734	10	23	from	from	ADP
framr-1734	10	24	2006	2006	NUM
framr-1734	10	25	to	to	ADP
framr-1734	10	26	2018	2018	NUM
framr-1734	10	27	,	,	PUNCT
framr-1734	10	28	the	the	DET
framr-1734	10	29	study	study	NOUN
framr-1734	10	30	attempted	attempt	VERB
framr-1734	10	31	multiple	multiple	ADJ
framr-1734	10	32	ols	ol	NOUN
framr-1734	10	33	regression	regression	NOUN
framr-1734	10	34	analysis	analysis	NOUN
framr-1734	10	35	and	and	CCONJ
framr-1734	10	36	ardl	ardl	NOUN
framr-1734	10	37	.	.	PUNCT
framr-1734	11	1	the	the	DET
framr-1734	11	2	result	result	NOUN
framr-1734	11	3	found	find	VERB
framr-1734	11	4	out	out	ADP
framr-1734	11	5	that	that	SCONJ
framr-1734	11	6	money	money	NOUN
framr-1734	11	7	demand	demand	NOUN
framr-1734	11	8	function	function	NOUN
framr-1734	11	9	can	can	AUX
framr-1734	11	10	not	not	PART
framr-1734	11	11	be	be	AUX
framr-1734	11	12	appropriately	appropriately	ADV
framr-1734	11	13	estimated	estimate	VERB
framr-1734	11	14	by	by	ADP
framr-1734	11	15	ols	ol	NOUN
framr-1734	11	16	estimation	estimation	NOUN
framr-1734	11	17	technique	technique	NOUN
framr-1734	11	18	due	due	ADP
framr-1734	11	19	to	to	ADP
framr-1734	11	20	the	the	DET
framr-1734	11	21	presence	presence	NOUN
framr-1734	11	22	of	of	ADP
framr-1734	11	23	the	the	DET
framr-1734	11	24	lagged	lag	VERB
framr-1734	11	25	value	value	NOUN
framr-1734	11	26	of	of	ADP
framr-1734	11	27	both	both	CCONJ
framr-1734	11	28	the	the	DET
framr-1734	11	29	dependent	dependent	ADJ
framr-1734	11	30	and	and	CCONJ
framr-1734	11	31	independent	independent	ADJ
framr-1734	11	32	variables	variable	NOUN
framr-1734	11	33	.	.	PUNCT
framr-1734	12	1	although	although	SCONJ
framr-1734	12	2	,	,	PUNCT
framr-1734	12	3	the	the	DET
framr-1734	12	4	no	no	DET
framr-1734	12	5	long	long	ADJ
framr-1734	12	6	run	run	NOUN
framr-1734	12	7	relationship	relationship	NOUN
framr-1734	12	8	among	among	ADP
framr-1734	12	9	the	the	DET
framr-1734	12	10	variables	variable	NOUN
framr-1734	12	11	but	but	CCONJ
framr-1734	12	12	the	the	DET
framr-1734	12	13	result	result	NOUN
framr-1734	12	14	indicates	indicate	VERB
framr-1734	12	15	that	that	SCONJ
framr-1734	12	16	m1	m1	PROPN
framr-1734	12	17	is	be	AUX
framr-1734	12	18	largely	largely	ADV
framr-1734	12	19	influenced	influence	VERB
framr-1734	12	20	by	by	ADP
framr-1734	12	21	inflation	inflation	NOUN
framr-1734	12	22	,	,	PUNCT
framr-1734	12	23	exchange	exchange	NOUN
framr-1734	12	24	rate	rate	NOUN
framr-1734	12	25	,	,	PUNCT
framr-1734	12	26	mpr	mpr	NOUN
framr-1734	12	27	(	(	PUNCT
framr-1734	12	28	monetary	monetary	ADJ
framr-1734	12	29	policy	policy	NOUN
framr-1734	12	30	rate	rate	NOUN
framr-1734	12	31	)	)	PUNCT
framr-1734	12	32	,	,	PUNCT
framr-1734	12	33	and	and	CCONJ
framr-1734	12	34	savings	saving	NOUN
framr-1734	12	35	as	as	ADV
framr-1734	12	36	well	well	ADV
framr-1734	12	37	as	as	ADP
framr-1734	12	38	real	real	ADJ
framr-1734	12	39	gdp	gdp	NOUN
framr-1734	12	40	to	to	ADP
framr-1734	12	41	some	some	DET
framr-1734	12	42	extent	extent	NOUN
framr-1734	12	43	;	;	PUNCT
framr-1734	12	44	particularly	particularly	ADV
framr-1734	12	45	in	in	ADP
framr-1734	12	46	the	the	DET
framr-1734	12	47	short	short	ADJ
framr-1734	12	48	run	run	NOUN
framr-1734	12	49	.	.	PUNCT
framr-1734	13	1	it	it	PRON
framr-1734	13	2	was	be	AUX
framr-1734	13	3	observed	observe	VERB
framr-1734	13	4	from	from	ADP
framr-1734	13	5	the	the	DET
framr-1734	13	6	analysis	analysis	NOUN
framr-1734	13	7	that	that	SCONJ
framr-1734	13	8	economic	economic	ADJ
framr-1734	13	9	units	unit	NOUN
framr-1734	13	10	in	in	ADP
framr-1734	13	11	nigeria	nigeria	PROPN
framr-1734	13	12	are	be	AUX
framr-1734	13	13	shedding	shed	VERB
framr-1734	13	14	more	more	ADJ
framr-1734	13	15	of	of	ADP
framr-1734	13	16	cash	cash	NOUN
framr-1734	13	17	assets	asset	NOUN
framr-1734	13	18	(	(	PUNCT
framr-1734	13	19	naira	naira	NOUN
framr-1734	13	20	)	)	PUNCT
framr-1734	13	21	as	as	SCONJ
framr-1734	13	22	inflation	inflation	NOUN
framr-1734	13	23	increases	increase	NOUN
framr-1734	13	24	while	while	SCONJ
framr-1734	13	25	stocking	stock	VERB
framr-1734	13	26	up	up	ADP
framr-1734	13	27	on	on	ADP
framr-1734	13	28	foreign	foreign	ADJ
framr-1734	13	29	cash	cash	NOUN
framr-1734	13	30	and	and	CCONJ
framr-1734	13	31	assets	asset	NOUN
framr-1734	13	32	(	(	PUNCT
framr-1734	13	33	dollar	dollar	NOUN
framr-1734	13	34	and	and	CCONJ
framr-1734	13	35	foreign	foreign	ADJ
framr-1734	13	36	denominated	denominate	VERB
framr-1734	13	37	assets	asset	NOUN
framr-1734	13	38	)	)	PUNCT
framr-1734	13	39	as	as	SCONJ
framr-1734	13	40	shown	show	VERB
framr-1734	13	41	by	by	ADP
framr-1734	13	42	the	the	DET
framr-1734	13	43	positive	positive	ADJ
framr-1734	13	44	-	-	PUNCT
framr-1734	13	45	related	relate	VERB
framr-1734	13	46	exchange	exchange	NOUN
framr-1734	13	47	rate	rate	NOUN
framr-1734	13	48	.	.	PUNCT
framr-1734	14	1	contribution	contribution	NOUN
framr-1734	14	2	/	/	SYM
framr-1734	14	3	originality	originality	NOUN
framr-1734	14	4	:	:	PUNCT
framr-1734	14	5	this	this	DET
framr-1734	14	6	study	study	NOUN
framr-1734	14	7	contributes	contribute	VERB
framr-1734	14	8	to	to	ADP
framr-1734	14	9	the	the	DET
framr-1734	14	10	existing	exist	VERB
framr-1734	14	11	literature	literature	NOUN
framr-1734	14	12	by	by	ADP
framr-1734	14	13	examining	examine	VERB
framr-1734	14	14	the	the	DET
framr-1734	14	15	demand	demand	NOUN
framr-1734	14	16	for	for	ADP
framr-1734	14	17	money	money	NOUN
framr-1734	14	18	(	(	PUNCT
framr-1734	14	19	narrow	narrow	ADJ
framr-1734	14	20	money	money	NOUN
framr-1734	14	21	,	,	PUNCT
framr-1734	14	22	m1	m1	PROPN
framr-1734	14	23	)	)	PUNCT
framr-1734	14	24	in	in	ADP
framr-1734	14	25	nigeria	nigeria	PROPN
framr-1734	14	26	and	and	CCONJ
framr-1734	14	27	using	use	VERB
framr-1734	14	28	quarterly	quarterly	ADJ
framr-1734	14	29	time	time	NOUN
framr-1734	14	30	series	series	PROPN
framr-1734	14	31	data	datum	NOUN
framr-1734	14	32	from	from	ADP
framr-1734	14	33	2006	2006	NUM
framr-1734	14	34	to	to	ADP
framr-1734	14	35	2018	2018	NUM
framr-1734	14	36	,	,	PUNCT
framr-1734	14	37	the	the	DET
framr-1734	14	38	study	study	NOUN
framr-1734	14	39	attempted	attempt	VERB
framr-1734	14	40	multiple	multiple	ADJ
framr-1734	14	41	ols	ol	NOUN
framr-1734	14	42	regression	regression	NOUN
framr-1734	14	43	analysis	analysis	NOUN
framr-1734	14	44	and	and	CCONJ
framr-1734	14	45	ardl	ardl	NOUN
framr-1734	14	46	.	.	PUNCT
framr-1734	15	1	1	1	X
framr-1734	15	2	.	.	X
framr-1734	15	3	introduction	introduction	NOUN
framr-1734	15	4	1.1	1.1	NUM
framr-1734	15	5	.	.	PUNCT
framr-1734	16	1	background	background	NOUN
framr-1734	16	2	to	to	ADP
framr-1734	16	3	the	the	DET
framr-1734	16	4	study	study	NOUN
framr-1734	16	5	the	the	DET
framr-1734	16	6	subject	subject	NOUN
framr-1734	16	7	of	of	ADP
framr-1734	16	8	demand	demand	NOUN
framr-1734	16	9	for	for	ADP
framr-1734	16	10	money	money	NOUN
framr-1734	16	11	has	have	AUX
framr-1734	16	12	always	always	ADV
framr-1734	16	13	generated	generate	VERB
framr-1734	16	14	keen	keen	ADJ
framr-1734	16	15	interest	interest	NOUN
framr-1734	16	16	among	among	ADP
framr-1734	16	17	research	research	NOUN
framr-1734	16	18	and	and	CCONJ
framr-1734	16	19	theoretical	theoretical	ADJ
framr-1734	16	20	economists	economist	NOUN
framr-1734	16	21	in	in	ADP
framr-1734	16	22	both	both	CCONJ
framr-1734	16	23	the	the	DET
framr-1734	16	24	developed	developed	ADJ
framr-1734	16	25	and	and	CCONJ
framr-1734	16	26	developing	develop	VERB
framr-1734	16	27	countries	country	NOUN
framr-1734	16	28	.	.	PUNCT
framr-1734	17	1	this	this	DET
framr-1734	17	2	high	high	ADJ
framr-1734	17	3	interest	interest	NOUN
framr-1734	17	4	stems	stem	VERB
framr-1734	17	5	from	from	ADP
framr-1734	17	6	the	the	DET
framr-1734	17	7	facts	fact	NOUN
framr-1734	17	8	that	that	SCONJ
framr-1734	17	9	demand	demand	NOUN
framr-1734	17	10	for	for	ADP
framr-1734	17	11	money	money	NOUN
framr-1734	17	12	plays	play	VERB
framr-1734	17	13	a	a	DET
framr-1734	17	14	major	major	ADJ
framr-1734	17	15	role	role	NOUN
framr-1734	17	16	in	in	ADP
framr-1734	17	17	empirical	empirical	ADJ
framr-1734	17	18	macroeconomics	macroeconomic	NOUN
framr-1734	17	19	analysis	analysis	NOUN
framr-1734	17	20	and	and	CCONJ
framr-1734	17	21	policy	policy	NOUN
framr-1734	17	22	decision	decision	NOUN
framr-1734	17	23	formulations	formulation	NOUN
framr-1734	17	24	.	.	PUNCT
framr-1734	18	1	the	the	DET
framr-1734	18	2	interest	interest	NOUN
framr-1734	18	3	has	have	AUX
framr-1734	18	4	,	,	PUNCT
framr-1734	18	5	however	however	ADV
framr-1734	18	6	,	,	PUNCT
framr-1734	18	7	heightened	heighten	VERB
framr-1734	18	8	in	in	ADP
framr-1734	18	9	recent	recent	ADJ
framr-1734	18	10	years	year	NOUN
framr-1734	18	11	,	,	PUNCT
framr-1734	18	12	and	and	CCONJ
framr-1734	18	13	may	may	AUX
framr-1734	18	14	attributable	attributable	VERB
framr-1734	18	15	to	to	ADP
framr-1734	18	16	concerns	concern	NOUN
framr-1734	18	17	among	among	ADP
framr-1734	18	18	central	central	ADJ
framr-1734	18	19	banks	bank	NOUN
framr-1734	18	20	and	and	CCONJ
framr-1734	18	21	researchers	researcher	NOUN
framr-1734	18	22	on	on	ADP
framr-1734	18	23	the	the	DET
framr-1734	18	24	economic	economic	ADJ
framr-1734	18	25	impact	impact	NOUN
framr-1734	18	26	of	of	ADP
framr-1734	18	27	the	the	DET
framr-1734	18	28	movement	movement	NOUN
framr-1734	18	29	towards	towards	ADP
framr-1734	18	30	flexible	flexible	ADJ
framr-1734	18	31	hang	hang	NOUN
framr-1734	18	32	rate	rate	NOUN
framr-1734	18	33	regime	regime	NOUN
framr-1734	18	34	,	,	PUNCT
framr-1734	18	35	globalization	globalization	NOUN
framr-1734	18	36	of	of	ADP
framr-1734	18	37	capital	capital	NOUN
framr-1734	18	38	markets	market	NOUN
framr-1734	18	39	,	,	PUNCT
framr-1734	18	40	ongoing	ongoing	ADJ
framr-1734	18	41	domestic	domestic	ADJ
framr-1734	18	42	financial	financial	ADJ
framr-1734	18	43	liberalization	liberalization	NOUN
framr-1734	18	44	,	,	PUNCT
framr-1734	18	45	advancement	advancement	NOUN
framr-1734	18	46	in	in	ADP
framr-1734	18	47	time	time	NOUN
framr-1734	18	48	series	series	PROPN
framr-1734	18	49	econometrics	econometric	NOUN
framr-1734	18	50	,	,	PUNCT
framr-1734	18	51	and	and	CCONJ
framr-1734	18	52	some	some	DET
framr-1734	18	53	other	other	ADJ
framr-1734	18	54	country	country	NOUN
framr-1734	18	55	-	-	PUNCT
framr-1734	18	56	specific	specific	ADJ
framr-1734	18	57	issues	issue	NOUN
framr-1734	18	58	.	.	PUNCT
framr-1734	19	1	in	in	ADP
framr-1734	19	2	nigeria	nigeria	PROPN
framr-1734	19	3	,	,	PUNCT
framr-1734	19	4	the	the	DET
framr-1734	19	5	monetary	monetary	ADJ
framr-1734	19	6	authorities	authority	NOUN
framr-1734	19	7	acknowledge	acknowledge	VERB
framr-1734	19	8	that	that	SCONJ
framr-1734	19	9	a	a	DET
framr-1734	19	10	sound	sound	NOUN
framr-1734	19	11	specification	specification	NOUN
framr-1734	19	12	and	and	CCONJ
framr-1734	19	13	estimation	estimation	NOUN
framr-1734	19	14	of	of	ADP
framr-1734	19	15	money	money	NOUN
framr-1734	19	16	demand	demand	NOUN
framr-1734	19	17	function	function	NOUN
framr-1734	19	18	is	be	AUX
framr-1734	19	19	essential	essential	ADJ
framr-1734	19	20	in	in	ADP
framr-1734	19	21	the	the	DET
framr-1734	19	22	selection	selection	NOUN
framr-1734	19	23	of	of	ADP
framr-1734	19	24	instruments	instrument	NOUN
framr-1734	19	25	and	and	CCONJ
framr-1734	19	26	targets	target	NOUN
framr-1734	19	27	,	,	PUNCT
framr-1734	19	28	so	so	ADV
framr-1734	19	29	also	also	ADV
framr-1734	19	30	is	be	AUX
framr-1734	19	31	the	the	DET
framr-1734	19	32	fact	fact	NOUN
framr-1734	19	33	that	that	SCONJ
framr-1734	19	34	the	the	DET
framr-1734	19	35	transmission	transmission	NOUN
framr-1734	19	36	mechanism	mechanism	NOUN
framr-1734	19	37	of	of	ADP
framr-1734	19	38	monetary	monetary	ADJ
framr-1734	19	39	policy	policy	NOUN
framr-1734	19	40	depends	depend	VERB
framr-1734	19	41	on	on	ADP
framr-1734	19	42	how	how	SCONJ
framr-1734	19	43	correct	correct	ADJ
framr-1734	19	44	its	its	PRON
framr-1734	19	45	specification	specification	NOUN
framr-1734	19	46	and	and	CCONJ
framr-1734	19	47	estimation	estimation	NOUN
framr-1734	19	48	.	.	PUNCT
framr-1734	20	1	the	the	DET
framr-1734	20	2	central	central	ADJ
framr-1734	20	3	bank	bank	PROPN
framr-1734	20	4	of	of	ADP
framr-1734	20	5	nigeria	nigeria	PROPN
framr-1734	20	6	is	be	AUX
framr-1734	20	7	charged	charge	VERB
framr-1734	20	8	with	with	ADP
framr-1734	20	9	promoting	promote	VERB
framr-1734	20	10	monetary	monetary	ADJ
framr-1734	20	11	stability	stability	NOUN
framr-1734	20	12	and	and	CCONJ
framr-1734	20	13	a	a	DET
framr-1734	20	14	sound	sound	ADJ
framr-1734	20	15	financial	financial	ADJ
framr-1734	20	16	system	system	NOUN
framr-1734	20	17	in	in	ADP
framr-1734	20	18	nigeria	nigeria	PROPN
framr-1734	20	19	(	(	PUNCT
framr-1734	20	20	central	central	ADJ
framr-1734	20	21	bank	bank	PROPN
framr-1734	20	22	of	of	ADP
framr-1734	20	23	nigeria	nigeria	PROPN
framr-1734	20	24	(	(	PUNCT
framr-1734	20	25	cbn	cbn	PROPN
framr-1734	20	26	)	)	PUNCT
framr-1734	20	27	,	,	PUNCT
framr-1734	20	28	2018	2018	NUM
framr-1734	20	29	;	;	PUNCT
framr-1734	20	30	research	research	NOUN
framr-1734	20	31	department	department	PROPN
framr-1734	20	32	central	central	PROPN
framr-1734	20	33	bank	bank	PROPN
framr-1734	20	34	of	of	ADP
framr-1734	20	35	nigeria	nigeria	PROPN
framr-1734	20	36	,	,	PUNCT
framr-1734	20	37	2016	2016	NUM
framr-1734	20	38	)	)	PUNCT
framr-1734	20	39	.	.	PUNCT
framr-1734	21	1	therefore	therefore	ADV
framr-1734	21	2	,	,	PUNCT
framr-1734	21	3	in	in	ADP
framr-1734	21	4	pursuit	pursuit	NOUN
framr-1734	21	5	of	of	ADP
framr-1734	21	6	its	its	PRON
framr-1734	21	7	mandate	mandate	NOUN
framr-1734	21	8	,	,	PUNCT
framr-1734	21	9	the	the	DET
framr-1734	21	10	monetary	monetary	ADJ
framr-1734	21	11	policy	policy	NOUN
framr-1734	21	12	financial	financial	ADJ
framr-1734	21	13	risk	risk	NOUN
framr-1734	21	14	and	and	CCONJ
framr-1734	21	15	management	management	NOUN
framr-1734	21	16	reviews	review	NOUN
framr-1734	21	17	2020	2020	NUM
framr-1734	21	18	vol	vol	NOUN
framr-1734	21	19	.	.	PROPN
framr-1734	21	20	6	6	NUM
framr-1734	21	21	,	,	PUNCT
framr-1734	21	22	no	no	INTJ
framr-1734	21	23	.	.	NOUN
framr-1734	21	24	1	1	NUM
framr-1734	21	25	,	,	PUNCT
framr-1734	21	26	pp	pp	ADJ
framr-1734	21	27	.	.	PUNCT
framr-1734	22	1	1	1	NUM
framr-1734	22	2	-	-	SYM
framr-1734	22	3	13	13	NUM
framr-1734	22	4	.	.	PUNCT
framr-1734	23	1	issn(e	issn(e	PROPN
framr-1734	23	2	):	):	PUNCT
framr-1734	23	3	2411	2411	NUM
framr-1734	23	4	-	-	SYM
framr-1734	23	5	6408	6408	NUM
framr-1734	23	6	issn(p	issn(p	NUM
framr-1734	23	7	):	):	PUNCT
framr-1734	23	8	2412	2412	NUM
framr-1734	23	9	-	-	SYM
framr-1734	23	10	3404	3404	NUM
framr-1734	23	11	doi	doi	NOUN
framr-1734	23	12	:	:	PUNCT
framr-1734	23	13	10.18488	10.18488	NUM
framr-1734	23	14	/	/	SYM
framr-1734	23	15	journal.89.2020.61.1.13	journal.89.2020.61.1.13	PROPN
framr-1734	23	16	©	©	PROPN
framr-1734	23	17	2020	2020	NUM
framr-1734	23	18	conscientia	conscientia	PROPN
framr-1734	23	19	beam	beam	PROPN
framr-1734	23	20	.	.	PUNCT
framr-1734	24	1	all	all	DET
framr-1734	24	2	rights	right	NOUN
framr-1734	24	3	reserved	reserve	VERB
framr-1734	24	4	.	.	PUNCT
framr-1734	25	1	https://orcid.org/0000-0003-0461-3253	https://orcid.org/0000-0003-0461-3253	PRON
framr-1734	25	2	https://www.doi.org/10.18488/journal.89.2020.61.1.13	https://www.doi.org/10.18488/journal.89.2020.61.1.13	X
framr-1734	25	3	financial	financial	ADJ
framr-1734	25	4	risk	risk	NOUN
framr-1734	25	5	and	and	CCONJ
framr-1734	25	6	management	management	NOUN
framr-1734	25	7	reviews	review	NOUN
framr-1734	25	8	,	,	PUNCT
framr-1734	25	9	2020	2020	NUM
framr-1734	25	10	,	,	PUNCT
framr-1734	25	11	6(1	6(1	NUM
framr-1734	25	12	):	):	PUNCT
framr-1734	25	13	1	1	NUM
framr-1734	25	14	-	-	SYM
framr-1734	25	15	13	13	NUM
framr-1734	25	16	2	2	NUM
framr-1734	25	17	©	©	PROPN
framr-1734	25	18	2020	2020	NUM
framr-1734	25	19	conscientia	conscientia	PROPN
framr-1734	25	20	beam	beam	PROPN
framr-1734	25	21	.	.	PUNCT
framr-1734	26	1	all	all	DET
framr-1734	26	2	rights	right	NOUN
framr-1734	26	3	reserved	reserve	VERB
framr-1734	26	4	.	.	PUNCT
framr-1734	27	1	measures	measure	NOUN
framr-1734	27	2	adopted	adopt	VERB
framr-1734	27	3	by	by	ADP
framr-1734	27	4	the	the	DET
framr-1734	27	5	central	central	ADJ
framr-1734	27	6	bank	bank	NOUN
framr-1734	27	7	have	have	VERB
framr-1734	27	8	direct	direct	ADJ
framr-1734	27	9	and/or	and/or	CCONJ
framr-1734	27	10	indirect	indirect	ADJ
framr-1734	27	11	effects	effect	NOUN
framr-1734	27	12	on	on	ADP
framr-1734	27	13	money	money	NOUN
framr-1734	27	14	demand	demand	NOUN
framr-1734	27	15	.	.	PUNCT
framr-1734	28	1	deliberate	deliberate	VERB
framr-1734	28	2	policydriven	policydriven	ADJ
framr-1734	28	3	changes	change	NOUN
framr-1734	28	4	in	in	ADP
framr-1734	28	5	monetary	monetary	ADJ
framr-1734	28	6	policy	policy	NOUN
framr-1734	28	7	tools	tool	NOUN
framr-1734	28	8	such	such	ADJ
framr-1734	28	9	as	as	ADP
framr-1734	28	10	monetary	monetary	ADJ
framr-1734	28	11	policy	policy	NOUN
framr-1734	28	12	rate	rate	NOUN
framr-1734	28	13	(	(	PUNCT
framr-1734	28	14	mpr	mpr	NOUN
framr-1734	28	15	)	)	PUNCT
framr-1734	28	16	,	,	PUNCT
framr-1734	28	17	cash	cash	NOUN
framr-1734	28	18	reserve	reserve	NOUN
framr-1734	28	19	requirement	requirement	NOUN
framr-1734	28	20	(	(	PUNCT
framr-1734	28	21	crr	crr	PROPN
framr-1734	28	22	)	)	PUNCT
framr-1734	28	23	and	and	CCONJ
framr-1734	28	24	other	other	ADJ
framr-1734	28	25	reserve	reserve	NOUN
framr-1734	28	26	requirements	requirement	NOUN
framr-1734	28	27	induce	induce	VERB
framr-1734	28	28	fluctuations	fluctuation	NOUN
framr-1734	28	29	in	in	ADP
framr-1734	28	30	interest	interest	NOUN
framr-1734	28	31	rates	rate	NOUN
framr-1734	28	32	,	,	PUNCT
framr-1734	28	33	exchange	exchange	NOUN
framr-1734	28	34	rates	rate	NOUN
framr-1734	28	35	and	and	CCONJ
framr-1734	28	36	gdp	gdp	NOUN
framr-1734	28	37	,	,	PUNCT
framr-1734	28	38	which	which	PRON
framr-1734	28	39	in	in	ADP
framr-1734	28	40	turn	turn	NOUN
framr-1734	28	41	bring	bring	VERB
framr-1734	28	42	about	about	ADP
framr-1734	28	43	changes	change	NOUN
framr-1734	28	44	in	in	ADP
framr-1734	28	45	money	money	NOUN
framr-1734	28	46	demand	demand	NOUN
framr-1734	28	47	in	in	ADP
framr-1734	28	48	the	the	DET
framr-1734	28	49	economy	economy	NOUN
framr-1734	28	50	.	.	PUNCT
framr-1734	29	1	however	however	ADV
framr-1734	29	2	,	,	PUNCT
framr-1734	29	3	despite	despite	SCONJ
framr-1734	29	4	the	the	DET
framr-1734	29	5	enormity	enormity	NOUN
framr-1734	29	6	of	of	ADP
framr-1734	29	7	the	the	DET
framr-1734	29	8	importance	importance	NOUN
framr-1734	29	9	of	of	ADP
framr-1734	29	10	monetary	monetary	ADJ
framr-1734	29	11	policy	policy	NOUN
framr-1734	29	12	instruments	instrument	NOUN
framr-1734	29	13	as	as	SCONJ
framr-1734	29	14	it	it	PRON
framr-1734	29	15	affect	affect	VERB
framr-1734	29	16	demand	demand	NOUN
framr-1734	29	17	for	for	ADP
framr-1734	29	18	money	money	NOUN
framr-1734	29	19	;	;	PUNCT
framr-1734	29	20	there	there	PRON
framr-1734	29	21	is	be	VERB
framr-1734	29	22	dearth	dearth	NOUN
framr-1734	29	23	of	of	ADP
framr-1734	29	24	literature	literature	NOUN
framr-1734	29	25	on	on	ADP
framr-1734	29	26	the	the	DET
framr-1734	29	27	subject	subject	NOUN
framr-1734	29	28	matter	matter	NOUN
framr-1734	29	29	.	.	PUNCT
framr-1734	30	1	therefore	therefore	ADV
framr-1734	30	2	,	,	PUNCT
framr-1734	30	3	there	there	PRON
framr-1734	30	4	is	be	VERB
framr-1734	30	5	the	the	DET
framr-1734	30	6	need	need	NOUN
framr-1734	30	7	to	to	PART
framr-1734	30	8	constantly	constantly	ADV
framr-1734	30	9	assess	assess	VERB
framr-1734	30	10	the	the	DET
framr-1734	30	11	model	model	NOUN
framr-1734	30	12	of	of	ADP
framr-1734	30	13	demand	demand	NOUN
framr-1734	30	14	for	for	ADP
framr-1734	30	15	money	money	NOUN
framr-1734	30	16	with	with	ADP
framr-1734	30	17	a	a	DET
framr-1734	30	18	view	view	NOUN
framr-1734	30	19	to	to	PART
framr-1734	30	20	determine	determine	VERB
framr-1734	30	21	its	its	PRON
framr-1734	30	22	stability	stability	NOUN
framr-1734	30	23	over	over	ADP
framr-1734	30	24	time	time	NOUN
framr-1734	30	25	as	as	ADV
framr-1734	30	26	well	well	ADV
framr-1734	30	27	as	as	ADP
framr-1734	30	28	its	its	PRON
framr-1734	30	29	speed	speed	NOUN
framr-1734	30	30	of	of	ADP
framr-1734	30	31	adjustment	adjustment	NOUN
framr-1734	30	32	to	to	ADP
framr-1734	30	33	monetary	monetary	ADJ
framr-1734	30	34	policy	policy	NOUN
framr-1734	30	35	changes	change	NOUN
framr-1734	30	36	.	.	PUNCT
framr-1734	31	1	the	the	DET
framr-1734	31	2	study	study	NOUN
framr-1734	31	3	also	also	ADV
framr-1734	31	4	aimed	aim	VERB
framr-1734	31	5	at	at	ADP
framr-1734	31	6	creating	create	VERB
framr-1734	31	7	a	a	DET
framr-1734	31	8	background	background	NOUN
framr-1734	31	9	to	to	PART
framr-1734	31	10	review	review	VERB
framr-1734	31	11	the	the	DET
framr-1734	31	12	effectiveness	effectiveness	NOUN
framr-1734	31	13	of	of	ADP
framr-1734	31	14	the	the	DET
framr-1734	31	15	central	central	PROPN
framr-1734	31	16	bank	bank	NOUN
framr-1734	31	17	’s	’s	PART
framr-1734	31	18	monetary	monetary	ADJ
framr-1734	31	19	policies	policy	NOUN
framr-1734	31	20	in	in	ADP
framr-1734	31	21	the	the	DET
framr-1734	31	22	context	context	NOUN
framr-1734	31	23	of	of	ADP
framr-1734	31	24	the	the	DET
framr-1734	31	25	overall	overall	ADJ
framr-1734	31	26	macroeconomic	macroeconomic	ADJ
framr-1734	31	27	stability	stability	NOUN
framr-1734	31	28	;	;	PUNCT
framr-1734	31	29	evaluate	evaluate	VERB
framr-1734	31	30	the	the	DET
framr-1734	31	31	determinants	determinant	NOUN
framr-1734	31	32	of	of	ADP
framr-1734	31	33	money	money	NOUN
framr-1734	31	34	demand	demand	NOUN
framr-1734	31	35	and	and	CCONJ
framr-1734	31	36	their	their	PRON
framr-1734	31	37	impacts	impact	NOUN
framr-1734	31	38	on	on	ADP
framr-1734	31	39	demand	demand	NOUN
framr-1734	31	40	for	for	ADP
framr-1734	31	41	money	money	NOUN
framr-1734	31	42	in	in	ADP
framr-1734	31	43	nigeria	nigeria	PROPN
framr-1734	31	44	.	.	PUNCT
framr-1734	32	1	in	in	ADP
framr-1734	32	2	addition	addition	NOUN
framr-1734	32	3	,	,	PUNCT
framr-1734	32	4	the	the	DET
framr-1734	32	5	study	study	NOUN
framr-1734	32	6	will	will	AUX
framr-1734	32	7	also	also	ADV
framr-1734	32	8	provide	provide	VERB
framr-1734	32	9	a	a	DET
framr-1734	32	10	basis	basis	NOUN
framr-1734	32	11	to	to	PART
framr-1734	32	12	advance	advance	VERB
framr-1734	32	13	recommendation	recommendation	NOUN
framr-1734	32	14	in	in	ADP
framr-1734	32	15	relation	relation	NOUN
framr-1734	32	16	to	to	ADP
framr-1734	32	17	monetary	monetary	ADJ
framr-1734	32	18	policy	policy	NOUN
framr-1734	32	19	framework	framework	NOUN
framr-1734	32	20	in	in	ADP
framr-1734	32	21	the	the	DET
framr-1734	32	22	country	country	NOUN
framr-1734	32	23	.	.	PUNCT
framr-1734	33	1	2	2	X
framr-1734	33	2	.	.	X
framr-1734	33	3	literature	literature	NOUN
framr-1734	33	4	review	review	VERB
framr-1734	33	5	2.1	2.1	NUM
framr-1734	33	6	.	.	PUNCT
framr-1734	34	1	theoretical	theoretical	ADJ
framr-1734	34	2	review	review	NOUN
framr-1734	34	3	many	many	ADJ
framr-1734	34	4	of	of	ADP
framr-1734	34	5	the	the	DET
framr-1734	34	6	theories	theory	NOUN
framr-1734	34	7	on	on	ADP
framr-1734	34	8	demand	demand	NOUN
framr-1734	34	9	for	for	ADP
framr-1734	34	10	money	money	NOUN
framr-1734	34	11	specify	specify	VERB
framr-1734	34	12	different	different	ADJ
framr-1734	34	13	explanatory	explanatory	ADJ
framr-1734	34	14	variables	variable	NOUN
framr-1734	34	15	ranging	range	VERB
framr-1734	34	16	from	from	ADP
framr-1734	34	17	inflation	inflation	NOUN
framr-1734	34	18	,	,	PUNCT
framr-1734	34	19	interest	interest	NOUN
framr-1734	34	20	rate	rate	NOUN
framr-1734	34	21	,	,	PUNCT
framr-1734	34	22	transactions	transaction	NOUN
framr-1734	34	23	,	,	PUNCT
framr-1734	34	24	utility	utility	NOUN
framr-1734	34	25	,	,	PUNCT
framr-1734	34	26	wealth	wealth	NOUN
framr-1734	34	27	,	,	PUNCT
framr-1734	34	28	etc	etc	X
framr-1734	34	29	.	.	X
framr-1734	34	30	one	one	NUM
framr-1734	34	31	important	important	ADJ
framr-1734	34	32	feature	feature	NOUN
framr-1734	34	33	of	of	ADP
framr-1734	34	34	these	these	DET
framr-1734	34	35	theories	theory	NOUN
framr-1734	34	36	is	be	AUX
framr-1734	34	37	that	that	SCONJ
framr-1734	34	38	they	they	PRON
framr-1734	34	39	share	share	VERB
framr-1734	34	40	almost	almost	ADV
framr-1734	34	41	same	same	ADJ
framr-1734	34	42	determinant	determinant	ADJ
framr-1734	34	43	variables	variable	NOUN
framr-1734	34	44	;	;	PUNCT
framr-1734	34	45	however	however	ADV
framr-1734	34	46	,	,	PUNCT
framr-1734	34	47	they	they	PRON
framr-1734	34	48	differ	differ	VERB
framr-1734	34	49	in	in	ADP
framr-1734	34	50	the	the	DET
framr-1734	34	51	specific	specific	ADJ
framr-1734	34	52	role	role	NOUN
framr-1734	34	53	and	and	CCONJ
framr-1734	34	54	significance	significance	NOUN
framr-1734	34	55	attached	attach	VERB
framr-1734	34	56	to	to	ADP
framr-1734	34	57	each	each	DET
framr-1734	34	58	variable	variable	NOUN
framr-1734	34	59	.	.	PUNCT
framr-1734	35	1	in	in	ADP
framr-1734	35	2	general	general	ADJ
framr-1734	35	3	,	,	PUNCT
framr-1734	35	4	theoretical	theoretical	ADJ
framr-1734	35	5	models	model	NOUN
framr-1734	35	6	of	of	ADP
framr-1734	35	7	money	money	NOUN
framr-1734	35	8	demand	demand	NOUN
framr-1734	35	9	have	have	AUX
framr-1734	35	10	underpinned	underpin	VERB
framr-1734	35	11	and	and	CCONJ
framr-1734	35	12	motivated	motivate	VERB
framr-1734	35	13	a	a	DET
framr-1734	35	14	great	great	ADJ
framr-1734	35	15	deal	deal	NOUN
framr-1734	35	16	of	of	ADP
framr-1734	35	17	empirical	empirical	ADJ
framr-1734	35	18	work	work	NOUN
framr-1734	35	19	.	.	PUNCT
framr-1734	36	1	the	the	DET
framr-1734	36	2	quantity	quantity	NOUN
framr-1734	36	3	theory	theory	NOUN
framr-1734	36	4	examined	examine	VERB
framr-1734	36	5	the	the	DET
framr-1734	36	6	relationship	relationship	NOUN
framr-1734	36	7	between	between	ADP
framr-1734	36	8	the	the	DET
framr-1734	36	9	total	total	ADJ
framr-1734	36	10	quantity	quantity	NOUN
framr-1734	36	11	of	of	ADP
framr-1734	36	12	money	money	NOUN
framr-1734	36	13	m	m	PROPN
framr-1734	36	14	and	and	CCONJ
framr-1734	36	15	the	the	DET
framr-1734	36	16	total	total	ADJ
framr-1734	36	17	amount	amount	NOUN
framr-1734	36	18	of	of	ADP
framr-1734	36	19	spending	spending	NOUN
framr-1734	36	20	on	on	ADP
framr-1734	36	21	final	final	ADJ
framr-1734	36	22	goods	good	NOUN
framr-1734	36	23	and	and	CCONJ
framr-1734	36	24	services	service	NOUN
framr-1734	36	25	produced	produce	VERB
framr-1734	36	26	in	in	ADP
framr-1734	36	27	the	the	DET
framr-1734	36	28	economy	economy	NOUN
framr-1734	36	29	p×y	p×y	PROPN
framr-1734	36	30	,	,	PUNCT
framr-1734	36	31	where	where	SCONJ
framr-1734	36	32	p	p	NOUN
framr-1734	36	33	is	be	AUX
framr-1734	36	34	the	the	DET
framr-1734	36	35	price	price	NOUN
framr-1734	36	36	level	level	NOUN
framr-1734	36	37	and	and	CCONJ
framr-1734	36	38	y	y	NOUN
framr-1734	36	39	is	be	AUX
framr-1734	36	40	aggregate	aggregate	ADJ
framr-1734	36	41	output	output	NOUN
framr-1734	36	42	(	(	PUNCT
framr-1734	36	43	busari	busari	ADJ
framr-1734	36	44	,	,	PUNCT
framr-1734	36	45	2005	2005	NUM
framr-1734	36	46	)	)	PUNCT
framr-1734	36	47	.	.	PUNCT
framr-1734	37	1	in	in	ADP
framr-1734	37	2	its	its	PRON
framr-1734	37	3	basic	basic	ADJ
framr-1734	37	4	form	form	NOUN
framr-1734	37	5	,	,	PUNCT
framr-1734	37	6	the	the	DET
framr-1734	37	7	theory	theory	NOUN
framr-1734	37	8	specifies	specify	VERB
framr-1734	37	9	that	that	SCONJ
framr-1734	37	10	(	(	PUNCT
framr-1734	37	11	1	1	X
framr-1734	37	12	)	)	PUNCT
framr-1734	37	13	where	where	SCONJ
framr-1734	37	14	m	m	NOUN
framr-1734	37	15	is	be	AUX
framr-1734	37	16	the	the	DET
framr-1734	37	17	quantity	quantity	NOUN
framr-1734	37	18	of	of	ADP
framr-1734	37	19	money	money	NOUN
framr-1734	37	20	,	,	PUNCT
framr-1734	37	21	v	v	NOUN
framr-1734	37	22	is	be	AUX
framr-1734	37	23	the	the	DET
framr-1734	37	24	velocity	velocity	NOUN
framr-1734	37	25	of	of	ADP
framr-1734	37	26	circulation	circulation	NOUN
framr-1734	37	27	;	;	PUNCT
framr-1734	37	28	p	p	PRON
framr-1734	37	29	is	be	AUX
framr-1734	37	30	the	the	DET
framr-1734	37	31	price	price	NOUN
framr-1734	37	32	levels	level	NOUN
framr-1734	37	33	and	and	CCONJ
framr-1734	37	34	t	t	X
framr-1734	37	35	the	the	DET
framr-1734	37	36	volume	volume	NOUN
framr-1734	37	37	of	of	ADP
framr-1734	37	38	transactions	transaction	NOUN
framr-1734	37	39	.	.	PUNCT
framr-1734	38	1	because	because	SCONJ
framr-1734	38	2	v	v	NOUN
framr-1734	38	3	can	can	AUX
framr-1734	38	4	not	not	PART
framr-1734	38	5	be	be	AUX
framr-1734	38	6	measured	measure	VERB
framr-1734	38	7	empirically	empirically	ADV
framr-1734	38	8	,	,	PUNCT
framr-1734	38	9	equation	equation	NOUN
framr-1734	38	10	1	1	NUM
framr-1734	38	11	becomes	become	VERB
framr-1734	38	12	a	a	DET
framr-1734	38	13	mere	mere	ADJ
framr-1734	38	14	identity	identity	NOUN
framr-1734	38	15	.	.	PUNCT
framr-1734	39	1	if	if	SCONJ
framr-1734	39	2	we	we	PRON
framr-1734	39	3	assume	assume	VERB
framr-1734	39	4	t	t	PROPN
framr-1734	39	5	moves	move	VERB
framr-1734	39	6	approximately	approximately	ADV
framr-1734	39	7	in	in	ADP
framr-1734	39	8	tandem	tandem	NOUN
framr-1734	39	9	with	with	ADP
framr-1734	39	10	the	the	DET
framr-1734	39	11	real	real	ADJ
framr-1734	39	12	gdp	gdp	NOUN
framr-1734	39	13	(	(	PUNCT
framr-1734	39	14	y	y	NOUN
framr-1734	39	15	)	)	PUNCT
framr-1734	39	16	,	,	PUNCT
framr-1734	39	17	(	(	PUNCT
framr-1734	39	18	1	1	X
framr-1734	39	19	)	)	PUNCT
framr-1734	39	20	leads	lead	VERB
framr-1734	39	21	to	to	ADP
framr-1734	39	22	the	the	DET
framr-1734	39	23	standard	standard	ADJ
framr-1734	39	24	form	form	NOUN
framr-1734	39	25	of	of	ADP
framr-1734	39	26	quantity	quantity	NOUN
framr-1734	39	27	theory	theory	NOUN
framr-1734	39	28	(	(	PUNCT
framr-1734	39	29	see	see	VERB
framr-1734	39	30	equation	equation	NOUN
framr-1734	39	31	2	2	NUM
framr-1734	39	32	:	:	PUNCT
framr-1734	39	33	(	(	PUNCT
framr-1734	39	34	2	2	X
framr-1734	39	35	)	)	PUNCT
framr-1734	39	36	which	which	PRON
framr-1734	39	37	is	be	AUX
framr-1734	39	38	still	still	ADV
framr-1734	39	39	an	an	DET
framr-1734	39	40	identity	identity	NOUN
framr-1734	39	41	and	and	CCONJ
framr-1734	39	42	not	not	PART
framr-1734	39	43	yet	yet	ADV
framr-1734	39	44	a	a	DET
framr-1734	39	45	theory	theory	NOUN
framr-1734	39	46	of	of	ADP
framr-1734	39	47	money	money	NOUN
framr-1734	39	48	demand	demand	NOUN
framr-1734	39	49	.	.	PUNCT
framr-1734	40	1	a	a	DET
framr-1734	40	2	variant	variant	NOUN
framr-1734	40	3	of	of	ADP
framr-1734	40	4	the	the	DET
framr-1734	40	5	theory	theory	NOUN
framr-1734	40	6	re	re	NOUN
framr-1734	40	7	-	-	NOUN
framr-1734	40	8	specifies	specifie	NOUN
framr-1734	40	9	demand	demand	NOUN
framr-1734	40	10	for	for	ADP
framr-1734	40	11	money	money	NOUN
framr-1734	40	12	as	as	SCONJ
framr-1734	40	13	shown	show	VERB
framr-1734	40	14	in	in	ADP
framr-1734	40	15	equation	equation	NOUN
framr-1734	40	16	3	3	NUM
framr-1734	40	17	and	and	CCONJ
framr-1734	40	18	4	4	NUM
framr-1734	40	19	:	:	PUNCT
framr-1734	40	20	(	(	PUNCT
framr-1734	40	21	3	3	X
framr-1734	40	22	)	)	PUNCT
framr-1734	40	23	and	and	CCONJ
framr-1734	40	24	then	then	ADV
framr-1734	40	25	,	,	PUNCT
framr-1734	40	26	(	(	PUNCT
framr-1734	40	27	4	4	X
framr-1734	40	28	)	)	PUNCT
framr-1734	40	29	equation	equation	NOUN
framr-1734	40	30	4	4	NUM
framr-1734	40	31	shows	show	VERB
framr-1734	40	32	that	that	SCONJ
framr-1734	40	33	the	the	DET
framr-1734	40	34	demand	demand	NOUN
framr-1734	40	35	for	for	ADP
framr-1734	40	36	money	money	NOUN
framr-1734	40	37	is	be	AUX
framr-1734	40	38	proportional	proportional	ADJ
framr-1734	40	39	to	to	ADP
framr-1734	40	40	the	the	DET
framr-1734	40	41	amount	amount	NOUN
framr-1734	40	42	of	of	ADP
framr-1734	40	43	real	real	ADJ
framr-1734	40	44	transactions	transaction	NOUN
framr-1734	40	45	,	,	PUNCT
framr-1734	40	46	represented	represent	VERB
framr-1734	40	47	by	by	ADP
framr-1734	40	48	the	the	DET
framr-1734	40	49	real	real	PROPN
framr-1734	40	50	gdp	gdp	NOUN
framr-1734	40	51	;	;	PUNCT
framr-1734	40	52	and	and	CCONJ
framr-1734	40	53	is	be	AUX
framr-1734	40	54	proportional	proportional	ADJ
framr-1734	40	55	to	to	ADP
framr-1734	40	56	the	the	DET
framr-1734	40	57	price	price	NOUN
framr-1734	40	58	level	level	NOUN
framr-1734	40	59	.	.	PUNCT
framr-1734	41	1	it	it	PRON
framr-1734	41	2	can	can	AUX
framr-1734	41	3	also	also	ADV
framr-1734	41	4	be	be	AUX
framr-1734	41	5	interpreted	interpret	VERB
framr-1734	41	6	in	in	ADP
framr-1734	41	7	a	a	DET
framr-1734	41	8	way	way	NOUN
framr-1734	41	9	that	that	PRON
framr-1734	41	10	the	the	DET
framr-1734	41	11	demand	demand	NOUN
framr-1734	41	12	for	for	ADP
framr-1734	41	13	money	money	NOUN
framr-1734	41	14	is	be	AUX
framr-1734	41	15	actually	actually	ADV
framr-1734	41	16	a	a	DET
framr-1734	41	17	demand	demand	NOUN
framr-1734	41	18	for	for	ADP
framr-1734	41	19	a	a	DET
framr-1734	41	20	real	real	ADJ
framr-1734	41	21	quantity	quantity	NOUN
framr-1734	41	22	of	of	ADP
framr-1734	41	23	money	money	NOUN
framr-1734	41	24	as	as	ADP
framr-1734	41	25	in	in	ADP
framr-1734	41	26	equation	equation	NOUN
framr-1734	41	27	5	5	NUM
framr-1734	41	28	,	,	PUNCT
framr-1734	41	29	where	where	SCONJ
framr-1734	41	30	md	md	PROPN
framr-1734	41	31	/	/	SYM
framr-1734	41	32	p	p	PROPN
framr-1734	41	33	represents	represent	VERB
framr-1734	41	34	the	the	DET
framr-1734	41	35	demand	demand	NOUN
framr-1734	41	36	for	for	ADP
framr-1734	41	37	real	real	ADJ
framr-1734	41	38	quantity	quantity	NOUN
framr-1734	41	39	of	of	ADP
framr-1734	41	40	money	money	NOUN
framr-1734	41	41	:	:	PUNCT
framr-1734	41	42	(	(	PUNCT
framr-1734	41	43	5	5	X
framr-1734	41	44	)	)	PUNCT
framr-1734	41	45	financial	financial	ADJ
framr-1734	41	46	risk	risk	NOUN
framr-1734	41	47	and	and	CCONJ
framr-1734	41	48	management	management	NOUN
framr-1734	41	49	reviews	review	NOUN
framr-1734	41	50	,	,	PUNCT
framr-1734	41	51	2020	2020	NUM
framr-1734	41	52	,	,	PUNCT
framr-1734	41	53	6(1	6(1	NUM
framr-1734	41	54	):	):	PUNCT
framr-1734	41	55	1	1	NUM
framr-1734	41	56	-	-	SYM
framr-1734	41	57	13	13	NUM
framr-1734	41	58	3	3	NUM
framr-1734	41	59	©	©	PROPN
framr-1734	41	60	2020	2020	NUM
framr-1734	41	61	conscientia	conscientia	PROPN
framr-1734	41	62	beam	beam	PROPN
framr-1734	41	63	.	.	PUNCT
framr-1734	42	1	all	all	DET
framr-1734	42	2	rights	right	NOUN
framr-1734	42	3	reserved	reserve	VERB
framr-1734	42	4	.	.	PUNCT
framr-1734	43	1	one	one	NUM
framr-1734	43	2	important	important	ADJ
framr-1734	43	3	difference	difference	NOUN
framr-1734	43	4	between	between	ADP
framr-1734	43	5	the	the	DET
framr-1734	43	6	cash	cash	NOUN
framr-1734	43	7	balance	balance	NOUN
framr-1734	43	8	approach	approach	NOUN
framr-1734	43	9	and	and	CCONJ
framr-1734	43	10	subsequent	subsequent	ADJ
framr-1734	43	11	theories	theory	NOUN
framr-1734	43	12	of	of	ADP
framr-1734	43	13	the	the	DET
framr-1734	43	14	demand	demand	NOUN
framr-1734	43	15	are	be	AUX
framr-1734	43	16	the	the	DET
framr-1734	43	17	lack	lack	NOUN
framr-1734	43	18	of	of	ADP
framr-1734	43	19	an	an	DET
framr-1734	43	20	interest	interest	NOUN
framr-1734	43	21	rate	rate	NOUN
framr-1734	43	22	variable	variable	NOUN
framr-1734	43	23	in	in	ADP
framr-1734	43	24	the	the	DET
framr-1734	43	25	former	former	NOUN
framr-1734	43	26	.	.	PUNCT
framr-1734	44	1	moreover	moreover	ADV
framr-1734	44	2	,	,	PUNCT
framr-1734	44	3	the	the	DET
framr-1734	44	4	fundamental	fundamental	ADJ
framr-1734	44	5	assumption	assumption	NOUN
framr-1734	44	6	of	of	ADP
framr-1734	44	7	the	the	DET
framr-1734	44	8	quantity	quantity	NOUN
framr-1734	44	9	theory	theory	NOUN
framr-1734	44	10	as	as	SCONJ
framr-1734	44	11	regards	regard	VERB
framr-1734	44	12	stable	stable	ADJ
framr-1734	44	13	velocity	velocity	NOUN
framr-1734	44	14	of	of	ADP
framr-1734	44	15	money	money	NOUN
framr-1734	44	16	lacks	lack	VERB
framr-1734	44	17	empirical	empirical	ADJ
framr-1734	44	18	support	support	NOUN
framr-1734	44	19	.	.	PUNCT
framr-1734	45	1	the	the	DET
framr-1734	45	2	liquidity	liquidity	NOUN
framr-1734	45	3	preference	preference	NOUN
framr-1734	45	4	theory	theory	NOUN
framr-1734	45	5	emphasized	emphasize	VERB
framr-1734	45	6	the	the	DET
framr-1734	45	7	role	role	NOUN
framr-1734	45	8	and	and	CCONJ
framr-1734	45	9	importance	importance	NOUN
framr-1734	45	10	of	of	ADP
framr-1734	45	11	interest	interest	NOUN
framr-1734	45	12	rates	rate	NOUN
framr-1734	45	13	.	.	PUNCT
framr-1734	46	1	keynes	keynes	PROPN
framr-1734	46	2	(	(	PUNCT
framr-1734	46	3	1930	1930	NUM
framr-1734	46	4	)	)	PUNCT
framr-1734	46	5	in	in	ADP
framr-1734	46	6	his	his	PRON
framr-1734	46	7	book	book	NOUN
framr-1734	46	8	titled	title	VERB
framr-1734	46	9	“	"	PUNCT
framr-1734	46	10	the	the	DET
framr-1734	46	11	general	general	ADJ
framr-1734	46	12	theory	theory	NOUN
framr-1734	46	13	of	of	ADP
framr-1734	46	14	employment	employment	NOUN
framr-1734	46	15	,	,	PUNCT
framr-1734	46	16	interest	interest	NOUN
framr-1734	46	17	and	and	CCONJ
framr-1734	46	18	money	money	NOUN
framr-1734	46	19	”	"	PUNCT
framr-1734	46	20	introduced	introduce	VERB
framr-1734	46	21	three	three	NUM
framr-1734	46	22	motives	motive	NOUN
framr-1734	46	23	for	for	ADP
framr-1734	46	24	holding	hold	VERB
framr-1734	46	25	money	money	NOUN
framr-1734	46	26	(	(	PUNCT
framr-1734	46	27	essien	essien	NOUN
framr-1734	46	28	,	,	PUNCT
framr-1734	46	29	onwioduokit	onwioduokit	NOUN
framr-1734	46	30	,	,	PUNCT
framr-1734	46	31	&	&	CCONJ
framr-1734	46	32	osho	osho	PROPN
framr-1734	46	33	,	,	PUNCT
framr-1734	46	34	1996	1996	NUM
framr-1734	46	35	):	):	PUNCT
framr-1734	46	36	(	(	PUNCT
framr-1734	46	37	transaction	transaction	NOUN
framr-1734	46	38	motive	motive	NOUN
framr-1734	46	39	,	,	PUNCT
framr-1734	46	40	precautionary	precautionary	ADJ
framr-1734	46	41	motive	motive	NOUN
framr-1734	46	42	,	,	PUNCT
framr-1734	46	43	speculation	speculation	NOUN
framr-1734	46	44	motive	motive	NOUN
framr-1734	46	45	)	)	PUNCT
framr-1734	46	46	.	.	PUNCT
framr-1734	47	1	the	the	DET
framr-1734	47	2	speculative	speculative	ADJ
framr-1734	47	3	demand	demand	NOUN
framr-1734	47	4	for	for	ADP
framr-1734	47	5	money	money	NOUN
framr-1734	47	6	is	be	AUX
framr-1734	47	7	an	an	DET
framr-1734	47	8	inverse	inverse	ADJ
framr-1734	47	9	function	function	NOUN
framr-1734	47	10	of	of	ADP
framr-1734	47	11	the	the	DET
framr-1734	47	12	rate	rate	NOUN
framr-1734	47	13	of	of	ADP
framr-1734	47	14	interest	interest	NOUN
framr-1734	47	15	on	on	ADP
framr-1734	47	16	bonds	bond	NOUN
framr-1734	47	17	,	,	PUNCT
framr-1734	47	18	.	.	PUNCT
framr-1734	48	1	together	together	ADV
framr-1734	48	2	with	with	ADP
framr-1734	48	3	a	a	DET
framr-1734	48	4	transaction	transaction	NOUN
framr-1734	48	5	demand	demand	NOUN
framr-1734	48	6	for	for	ADP
framr-1734	48	7	money	money	NOUN
framr-1734	48	8	,	,	PUNCT
framr-1734	48	9	and	and	CCONJ
framr-1734	48	10	a	a	DET
framr-1734	48	11	precautionary	precautionary	ADJ
framr-1734	48	12	demand	demand	NOUN
framr-1734	48	13	for	for	ADP
framr-1734	48	14	money	money	NOUN
framr-1734	48	15	,	,	PUNCT
framr-1734	48	16	both	both	PRON
framr-1734	48	17	being	be	AUX
framr-1734	48	18	a	a	DET
framr-1734	48	19	direct	direct	ADJ
framr-1734	48	20	function	function	NOUN
framr-1734	48	21	of	of	ADP
framr-1734	48	22	income	income	NOUN
framr-1734	48	23	,	,	PUNCT
framr-1734	48	24	y	y	PROPN
framr-1734	48	25	,	,	PUNCT
framr-1734	48	26	the	the	DET
framr-1734	48	27	total	total	ADJ
framr-1734	48	28	demand	demand	NOUN
framr-1734	48	29	for	for	ADP
framr-1734	48	30	money	money	NOUN
framr-1734	48	31	md	md	PROPN
framr-1734	48	32	(	(	PUNCT
framr-1734	48	33	shown	show	VERB
framr-1734	48	34	in	in	ADP
framr-1734	48	35	equation	equation	NOUN
framr-1734	48	36	6	6	NUM
framr-1734	48	37	)	)	PUNCT
framr-1734	48	38	now	now	ADV
framr-1734	48	39	becomes	become	VERB
framr-1734	48	40	:	:	PUNCT
framr-1734	48	41	(	(	PUNCT
framr-1734	48	42	6	6	NUM
framr-1734	48	43	)	)	PUNCT
framr-1734	48	44	however	however	ADV
framr-1734	48	45	,	,	PUNCT
framr-1734	48	46	a	a	DET
framr-1734	48	47	completely	completely	ADV
framr-1734	48	48	different	different	ADJ
framr-1734	48	49	approach	approach	NOUN
framr-1734	48	50	was	be	AUX
framr-1734	48	51	chosen	choose	VERB
framr-1734	48	52	by	by	ADP
framr-1734	48	53	baumol	baumol	PROPN
framr-1734	48	54	(	(	PUNCT
framr-1734	48	55	1952	1952	NUM
framr-1734	48	56	)	)	PUNCT
framr-1734	48	57	and	and	CCONJ
framr-1734	48	58	tobin	tobin	PROPN
framr-1734	48	59	(	(	PUNCT
framr-1734	48	60	1956	1956	NUM
framr-1734	48	61	)	)	PUNCT
framr-1734	48	62	.	.	PUNCT
framr-1734	49	1	the	the	DET
framr-1734	49	2	model	model	NOUN
framr-1734	49	3	seeks	seek	VERB
framr-1734	49	4	to	to	PART
framr-1734	49	5	determine	determine	VERB
framr-1734	49	6	the	the	DET
framr-1734	49	7	optimum	optimum	ADJ
framr-1734	49	8	level	level	NOUN
framr-1734	49	9	of	of	ADP
framr-1734	49	10	demand	demand	NOUN
framr-1734	49	11	for	for	ADP
framr-1734	49	12	money	money	NOUN
framr-1734	49	13	considering	consider	VERB
framr-1734	49	14	the	the	DET
framr-1734	49	15	trade	trade	NOUN
framr-1734	49	16	-	-	PUNCT
framr-1734	49	17	off	off	NOUN
framr-1734	49	18	between	between	ADP
framr-1734	49	19	one	one	NUM
framr-1734	49	20	the	the	DET
framr-1734	49	21	opportunity	opportunity	NOUN
framr-1734	49	22	cost	cost	NOUN
framr-1734	49	23	of	of	ADP
framr-1734	49	24	holding	hold	VERB
framr-1734	49	25	money	money	NOUN
framr-1734	49	26	in	in	ADP
framr-1734	49	27	term	term	NOUN
framr-1734	49	28	of	of	ADP
framr-1734	49	29	interest	interest	NOUN
framr-1734	49	30	on	on	ADP
framr-1734	49	31	securities	security	NOUN
framr-1734	49	32	foregone	foregone	NOUN
framr-1734	49	33	,	,	PUNCT
framr-1734	49	34	and	and	CCONJ
framr-1734	49	35	two	two	NUM
framr-1734	49	36	,	,	PUNCT
framr-1734	49	37	the	the	DET
framr-1734	49	38	transaction	transaction	NOUN
framr-1734	49	39	cost	cost	NOUN
framr-1734	49	40	of	of	ADP
framr-1734	49	41	converting	convert	VERB
framr-1734	49	42	money	money	NOUN
framr-1734	49	43	into	into	ADP
framr-1734	49	44	securities	security	NOUN
framr-1734	49	45	.	.	PUNCT
framr-1734	50	1	that	that	PRON
framr-1734	50	2	is	is	ADV
framr-1734	50	3	,	,	PUNCT
framr-1734	50	4	the	the	DET
framr-1734	50	5	total	total	ADJ
framr-1734	50	6	cost	cost	NOUN
framr-1734	50	7	for	for	ADP
framr-1734	50	8	the	the	DET
framr-1734	50	9	payments	payment	NOUN
framr-1734	50	10	services	service	NOUN
framr-1734	50	11	(	(	PUNCT
framr-1734	50	12	ps	ps	NOUN
framr-1734	50	13	)	)	PUNCT
framr-1734	50	14	is	be	AUX
framr-1734	50	15	as	as	SCONJ
framr-1734	50	16	given	give	VERB
framr-1734	50	17	in	in	ADP
framr-1734	50	18	equation	equation	NOUN
framr-1734	50	19	7	7	NUM
framr-1734	50	20	:	:	PUNCT
framr-1734	50	21	=	=	SYM
framr-1734	50	22	(	(	PUNCT
framr-1734	50	23	7	7	NUM
framr-1734	50	24	)	)	PUNCT
framr-1734	50	25	where	where	SCONJ
framr-1734	50	26	tc	tc	NOUN
framr-1734	50	27	is	be	AUX
framr-1734	50	28	the	the	DET
framr-1734	50	29	transaction	transaction	NOUN
framr-1734	50	30	cost	cost	NOUN
framr-1734	50	31	of	of	ADP
framr-1734	50	32	conversion	conversion	NOUN
framr-1734	50	33	,	,	PUNCT
framr-1734	50	34	oc	oc	NOUN
framr-1734	50	35	is	be	AUX
framr-1734	50	36	the	the	DET
framr-1734	50	37	opportunity	opportunity	NOUN
framr-1734	50	38	costs	cost	NOUN
framr-1734	50	39	of	of	ADP
framr-1734	50	40	holding	hold	VERB
framr-1734	50	41	money	money	NOUN
framr-1734	50	42	,	,	PUNCT
framr-1734	50	43	n	n	CCONJ
framr-1734	50	44	the	the	DET
framr-1734	50	45	number	number	NOUN
framr-1734	50	46	of	of	ADP
framr-1734	50	47	transactions	transaction	NOUN
framr-1734	50	48	in	in	ADP
framr-1734	50	49	a	a	DET
framr-1734	50	50	given	give	VERB
framr-1734	50	51	period	period	NOUN
framr-1734	50	52	,	,	PUNCT
framr-1734	50	53	i	i	PRON
framr-1734	50	54	the	the	DET
framr-1734	50	55	interest	interest	NOUN
framr-1734	50	56	rate	rate	NOUN
framr-1734	50	57	of	of	ADP
framr-1734	50	58	securities	security	NOUN
framr-1734	50	59	and	and	CCONJ
framr-1734	50	60	m	m	PROPN
framr-1734	50	61	equals	equal	VERB
framr-1734	50	62	py/2n	py/2n	NOUN
framr-1734	50	63	(	(	PUNCT
framr-1734	50	64	that	that	PRON
framr-1734	50	65	is	is	ADV
framr-1734	50	66	,	,	PUNCT
framr-1734	50	67	the	the	DET
framr-1734	50	68	average	average	ADJ
framr-1734	50	69	money	money	NOUN
framr-1734	50	70	holdings	holding	NOUN
framr-1734	50	71	in	in	ADP
framr-1734	50	72	the	the	DET
framr-1734	50	73	period	period	NOUN
framr-1734	50	74	are	be	AUX
framr-1734	50	75	determined	determine	VERB
framr-1734	50	76	by	by	ADP
framr-1734	50	77	monthly	monthly	ADJ
framr-1734	50	78	income	income	NOUN
framr-1734	50	79	,	,	PUNCT
framr-1734	50	80	py	py	PROPN
framr-1734	50	81	,	,	PUNCT
framr-1734	50	82	and	and	CCONJ
framr-1734	50	83	the	the	DET
framr-1734	50	84	number	number	NOUN
framr-1734	50	85	of	of	ADP
framr-1734	50	86	transactions).the	transactions).the	DET
framr-1734	50	87	minimum	minimum	ADJ
framr-1734	50	88	cost	cost	NOUN
framr-1734	50	89	is	be	AUX
framr-1734	50	90	obtained	obtain	VERB
framr-1734	50	91	on	on	ADP
framr-1734	50	92	differentiating	differentiate	VERB
framr-1734	50	93	ps	ps	NOUN
framr-1734	50	94	with	with	ADP
framr-1734	50	95	respect	respect	NOUN
framr-1734	50	96	to	to	ADP
framr-1734	50	97	m	m	PROPN
framr-1734	50	98	(	(	PUNCT
framr-1734	50	99	see	see	VERB
framr-1734	50	100	equation	equation	NOUN
framr-1734	50	101	8)	8)	NUM
framr-1734	50	102	:	:	PUNCT
framr-1734	50	103	which	which	PRON
framr-1734	50	104	gives	give	VERB
framr-1734	50	105	;	;	PUNCT
framr-1734	50	106	(	(	PUNCT
framr-1734	50	107	8)	8)	NUM
framr-1734	50	108	taking	take	VERB
framr-1734	50	109	the	the	DET
framr-1734	50	110	nominal	nominal	ADJ
framr-1734	50	111	transaction	transaction	NOUN
framr-1734	50	112	costs	cost	NOUN
framr-1734	50	113	can	can	AUX
framr-1734	50	114	be	be	AUX
framr-1734	50	115	regarded	regard	VERB
framr-1734	50	116	as	as	ADP
framr-1734	50	117	the	the	DET
framr-1734	50	118	product	product	NOUN
framr-1734	50	119	of	of	ADP
framr-1734	50	120	the	the	DET
framr-1734	50	121	real	real	ADJ
framr-1734	50	122	transaction	transaction	NOUN
framr-1734	50	123	costs	cost	NOUN
framr-1734	50	124	(	(	PUNCT
framr-1734	50	125	cr	cr	NOUN
framr-1734	50	126	)	)	PUNCT
framr-1734	50	127	and	and	CCONJ
framr-1734	50	128	the	the	DET
framr-1734	50	129	price	price	NOUN
framr-1734	50	130	level	level	NOUN
framr-1734	50	131	(	(	PUNCT
framr-1734	50	132	p	p	NOUN
framr-1734	50	133	)	)	PUNCT
framr-1734	50	134	,	,	PUNCT
framr-1734	50	135	i.e.	i.e.	X
framr-1734	50	136	c	c	X
framr-1734	50	137	=	=	SYM
framr-1734	50	138	cr.p	cr.p	NOUN
framr-1734	50	139	,	,	PUNCT
framr-1734	50	140	thus	thus	ADV
framr-1734	50	141	equation	equation	NOUN
framr-1734	50	142	9	9	NUM
framr-1734	50	143	leads	lead	VERB
framr-1734	50	144	to	to	ADP
framr-1734	50	145	the	the	DET
framr-1734	50	146	optimum	optimum	ADJ
framr-1734	50	147	real	real	ADJ
framr-1734	50	148	stock	stock	NOUN
framr-1734	50	149	,	,	PUNCT
framr-1734	50	150	which	which	PRON
framr-1734	50	151	is	be	AUX
framr-1734	50	152	identical	identical	ADJ
framr-1734	50	153	with	with	ADP
framr-1734	50	154	the	the	DET
framr-1734	50	155	optimum	optimum	ADJ
framr-1734	50	156	real	real	ADJ
framr-1734	50	157	money	money	NOUN
framr-1734	50	158	demand	demand	NOUN
framr-1734	50	159	.	.	PUNCT
framr-1734	51	1	(	(	PUNCT
framr-1734	51	2	9	9	X
framr-1734	51	3	)	)	PUNCT
framr-1734	51	4	using	use	VERB
framr-1734	51	5	m	m	PRON
framr-1734	51	6	for	for	ADP
framr-1734	51	7	m	m	PROPN
framr-1734	51	8	/	/	SYM
framr-1734	51	9	p	p	PROPN
framr-1734	51	10	and	and	CCONJ
framr-1734	51	11	transforming	transform	VERB
framr-1734	51	12	into	into	ADP
framr-1734	51	13	a	a	DET
framr-1734	51	14	natural	natural	ADJ
framr-1734	51	15	logarithmic	logarithmic	ADJ
framr-1734	51	16	form	form	NOUN
framr-1734	51	17	,	,	PUNCT
framr-1734	51	18	gives	give	VERB
framr-1734	51	19	equation	equation	NOUN
framr-1734	51	20	10	10	NUM
framr-1734	51	21	:	:	PUNCT
framr-1734	51	22	(	(	PUNCT
framr-1734	51	23	10	10	NUM
framr-1734	51	24	)	)	PUNCT
framr-1734	51	25	the	the	DET
framr-1734	51	26	conclusions	conclusion	NOUN
framr-1734	51	27	derivable	derivable	ADJ
framr-1734	51	28	form	form	VERB
framr-1734	51	29	the	the	DET
framr-1734	51	30	baumol	baumol	NOUN
framr-1734	51	31	–	–	PUNCT
framr-1734	51	32	tobin	tobin	NOUN
framr-1734	51	33	money	money	NOUN
framr-1734	51	34	demand	demand	NOUN
framr-1734	51	35	function	function	NOUN
framr-1734	51	36	is	be	AUX
framr-1734	51	37	that	that	SCONJ
framr-1734	51	38	the	the	DET
framr-1734	51	39	demand	demand	NOUN
framr-1734	51	40	for	for	ADP
framr-1734	51	41	non	non	ADJ
framr-1734	51	42	-	-	ADJ
framr-1734	51	43	interest	interest	ADJ
framr-1734	51	44	bearing	bear	VERB
framr-1734	51	45	money	money	NOUN
framr-1734	51	46	in	in	ADP
framr-1734	51	47	the	the	DET
framr-1734	51	48	sense	sense	NOUN
framr-1734	51	49	of	of	ADP
framr-1734	51	50	m1	m1	PROPN
framr-1734	51	51	depends	depend	VERB
framr-1734	51	52	positively	positively	ADV
framr-1734	51	53	on	on	ADP
framr-1734	51	54	real	real	ADJ
framr-1734	51	55	income	income	NOUN
framr-1734	51	56	,	,	PUNCT
framr-1734	51	57	negatively	negatively	ADV
framr-1734	51	58	on	on	ADP
framr-1734	51	59	interest	interest	NOUN
framr-1734	51	60	rate	rate	NOUN
framr-1734	51	61	,	,	PUNCT
framr-1734	51	62	and	and	CCONJ
framr-1734	51	63	positively	positively	ADV
framr-1734	51	64	on	on	ADP
framr-1734	51	65	real	real	ADJ
framr-1734	51	66	transaction	transaction	NOUN
framr-1734	51	67	costs	cost	NOUN
framr-1734	51	68	.	.	PUNCT
framr-1734	52	1	in	in	ADP
framr-1734	52	2	addition	addition	NOUN
framr-1734	52	3	,	,	PUNCT
framr-1734	52	4	friedman	friedman	PROPN
framr-1734	52	5	(	(	PUNCT
framr-1734	52	6	1956	1956	NUM
framr-1734	52	7	)	)	PUNCT
framr-1734	52	8	argues	argue	VERB
framr-1734	52	9	that	that	SCONJ
framr-1734	52	10	the	the	DET
framr-1734	52	11	demand	demand	NOUN
framr-1734	52	12	for	for	ADP
framr-1734	52	13	money	money	NOUN
framr-1734	52	14	should	should	AUX
framr-1734	52	15	be	be	AUX
framr-1734	52	16	treated	treat	VERB
framr-1734	52	17	in	in	ADP
framr-1734	52	18	the	the	DET
framr-1734	52	19	same	same	ADJ
framr-1734	52	20	way	way	NOUN
framr-1734	52	21	as	as	ADP
framr-1734	52	22	the	the	DET
framr-1734	52	23	demand	demand	NOUN
framr-1734	52	24	for	for	ADP
framr-1734	52	25	goods	good	NOUN
framr-1734	52	26	or	or	CCONJ
framr-1734	52	27	services	service	NOUN
framr-1734	52	28	.	.	PUNCT
framr-1734	53	1	he	he	PRON
framr-1734	53	2	defines	define	VERB
framr-1734	53	3	the	the	DET
framr-1734	53	4	total	total	ADJ
framr-1734	53	5	wealth	wealth	NOUN
framr-1734	53	6	of	of	ADP
framr-1734	53	7	an	an	DET
framr-1734	53	8	individual	individual	NOUN
framr-1734	53	9	as	as	ADP
framr-1734	53	10	sum	sum	NOUN
framr-1734	53	11	of	of	ADP
framr-1734	53	12	five	five	NUM
framr-1734	53	13	components	component	NOUN
framr-1734	53	14	:	:	PUNCT
framr-1734	53	15	money	money	NOUN
framr-1734	53	16	,	,	PUNCT
framr-1734	53	17	bonds	bond	NOUN
framr-1734	53	18	,	,	PUNCT
framr-1734	53	19	financial	financial	ADJ
framr-1734	53	20	risk	risk	NOUN
framr-1734	53	21	and	and	CCONJ
framr-1734	53	22	management	management	NOUN
framr-1734	53	23	reviews	review	NOUN
framr-1734	53	24	,	,	PUNCT
framr-1734	53	25	2020	2020	NUM
framr-1734	53	26	,	,	PUNCT
framr-1734	53	27	6(1	6(1	NUM
framr-1734	53	28	):	):	PUNCT
framr-1734	53	29	1	1	NUM
framr-1734	53	30	-	-	SYM
framr-1734	53	31	13	13	NUM
framr-1734	53	32	4	4	NUM
framr-1734	53	33	©	©	PROPN
framr-1734	53	34	2020	2020	NUM
framr-1734	53	35	conscientia	conscientia	PROPN
framr-1734	53	36	beam	beam	PROPN
framr-1734	53	37	.	.	PUNCT
framr-1734	54	1	all	all	DET
framr-1734	54	2	rights	right	NOUN
framr-1734	54	3	reserved	reserve	VERB
framr-1734	54	4	.	.	PUNCT
framr-1734	55	1	shares	share	NOUN
framr-1734	55	2	,	,	PUNCT
framr-1734	55	3	real	real	ADJ
framr-1734	55	4	assets	asset	NOUN
framr-1734	55	5	and	and	CCONJ
framr-1734	55	6	human	human	ADJ
framr-1734	55	7	capital	capital	NOUN
framr-1734	55	8	.	.	PUNCT
framr-1734	56	1	therefore	therefore	ADV
framr-1734	56	2	,	,	PUNCT
framr-1734	56	3	a	a	DET
framr-1734	56	4	theory	theory	NOUN
framr-1734	56	5	of	of	ADP
framr-1734	56	6	demand	demand	NOUN
framr-1734	56	7	for	for	ADP
framr-1734	56	8	money	money	NOUN
framr-1734	56	9	would	would	AUX
framr-1734	56	10	require	require	VERB
framr-1734	56	11	information	information	NOUN
framr-1734	56	12	on	on	ADP
framr-1734	56	13	each	each	PRON
framr-1734	56	14	of	of	ADP
framr-1734	56	15	the	the	DET
framr-1734	56	16	components	component	NOUN
framr-1734	56	17	and	and	CCONJ
framr-1734	56	18	on	on	ADP
framr-1734	56	19	the	the	DET
framr-1734	56	20	individual	individual	ADJ
framr-1734	56	21	returns	return	NOUN
framr-1734	56	22	therefrom	therefrom	ADJ
framr-1734	56	23	(	(	PUNCT
framr-1734	56	24	friedman	friedman	NOUN
framr-1734	56	25	,	,	PUNCT
framr-1734	56	26	1956	1956	NUM
framr-1734	56	27	)	)	PUNCT
framr-1734	56	28	.	.	PUNCT
framr-1734	57	1	he	he	PRON
framr-1734	57	2	stated	state	VERB
framr-1734	57	3	the	the	DET
framr-1734	57	4	money	money	NOUN
framr-1734	57	5	demand	demand	NOUN
framr-1734	57	6	function	function	NOUN
framr-1734	57	7	as	as	ADP
framr-1734	57	8	equation	equation	NOUN
framr-1734	57	9	11	11	NUM
framr-1734	57	10	.	.	PUNCT
framr-1734	58	1	(	(	PUNCT
framr-1734	58	2	11	11	NUM
framr-1734	58	3	)	)	PUNCT
framr-1734	58	4	where	where	SCONJ
framr-1734	58	5	w	w	NOUN
framr-1734	58	6	is	be	AUX
framr-1734	58	7	the	the	DET
framr-1734	58	8	fraction	fraction	NOUN
framr-1734	58	9	of	of	ADP
framr-1734	58	10	wealth	wealth	NOUN
framr-1734	58	11	in	in	ADP
framr-1734	58	12	non	non	ADJ
framr-1734	58	13	-	-	ADJ
framr-1734	58	14	human	human	ADJ
framr-1734	58	15	form	form	NOUN
framr-1734	58	16	,	,	PUNCT
framr-1734	58	17	are	be	AUX
framr-1734	58	18	the	the	DET
framr-1734	58	19	expected	expect	VERB
framr-1734	58	20	nominal	nominal	ADJ
framr-1734	58	21	rates	rate	NOUN
framr-1734	58	22	of	of	ADP
framr-1734	58	23	returns	return	NOUN
framr-1734	58	24	on	on	ADP
framr-1734	58	25	money	money	NOUN
framr-1734	58	26	,	,	PUNCT
framr-1734	58	27	bonds	bond	NOUN
framr-1734	58	28	and	and	CCONJ
framr-1734	58	29	physical	physical	ADJ
framr-1734	58	30	asset	asset	NOUN
framr-1734	58	31	;	;	PUNCT
framr-1734	58	32	and	and	CCONJ
framr-1734	58	33	stands	stand	VERB
framr-1734	58	34	for	for	ADP
framr-1734	58	35	other	other	ADJ
framr-1734	58	36	variables	variable	NOUN
framr-1734	58	37	attached	attach	VERB
framr-1734	58	38	to	to	ADP
framr-1734	58	39	services	service	NOUN
framr-1734	58	40	of	of	ADP
framr-1734	58	41	money	money	NOUN
framr-1734	58	42	.	.	PUNCT
framr-1734	59	1	2.2	2.2	NUM
framr-1734	59	2	.	.	PUNCT
framr-1734	60	1	empirical	empirical	ADJ
framr-1734	60	2	review	review	NOUN
framr-1734	60	3	:	:	PUNCT
framr-1734	60	4	models	model	NOUN
framr-1734	60	5	of	of	ADP
framr-1734	60	6	money	money	NOUN
framr-1734	60	7	demand	demand	NOUN
framr-1734	60	8	function	function	NOUN
framr-1734	60	9	dou	dou	X
framr-1734	60	10	(	(	PUNCT
framr-1734	60	11	2018	2018	NUM
framr-1734	60	12	)	)	PUNCT
framr-1734	60	13	observed	observe	VERB
framr-1734	60	14	that	that	SCONJ
framr-1734	60	15	money	money	NOUN
framr-1734	60	16	demand	demand	NOUN
framr-1734	60	17	and	and	CCONJ
framr-1734	60	18	its	its	PRON
framr-1734	60	19	stability	stability	NOUN
framr-1734	60	20	have	have	VERB
framr-1734	60	21	a	a	DET
framr-1734	60	22	great	great	ADJ
framr-1734	60	23	impact	impact	NOUN
framr-1734	60	24	on	on	ADP
framr-1734	60	25	the	the	DET
framr-1734	60	26	economy	economy	NOUN
framr-1734	60	27	of	of	ADP
framr-1734	60	28	a	a	DET
framr-1734	60	29	country	country	NOUN
framr-1734	60	30	.	.	PUNCT
framr-1734	61	1	since	since	SCONJ
framr-1734	61	2	china	china	PROPN
framr-1734	61	3	’s	’s	PART
framr-1734	61	4	financial	financial	ADJ
framr-1734	61	5	and	and	CCONJ
framr-1734	61	6	monetary	monetary	ADJ
framr-1734	61	7	system	system	NOUN
framr-1734	61	8	has	have	AUX
framr-1734	61	9	been	be	AUX
framr-1734	61	10	in	in	ADP
framr-1734	61	11	reform	reform	NOUN
framr-1734	61	12	,	,	PUNCT
framr-1734	61	13	there	there	PRON
framr-1734	61	14	are	be	VERB
framr-1734	61	15	many	many	ADJ
framr-1734	61	16	uncertainties	uncertainty	NOUN
framr-1734	61	17	in	in	ADP
framr-1734	61	18	money	money	NOUN
framr-1734	61	19	demand	demand	NOUN
framr-1734	61	20	.	.	PUNCT
framr-1734	62	1	especially	especially	ADV
framr-1734	62	2	,	,	PUNCT
framr-1734	62	3	china	china	PROPN
framr-1734	62	4	’s	’s	PART
framr-1734	62	5	money	money	NOUN
framr-1734	62	6	demand	demand	NOUN
framr-1734	62	7	has	have	VERB
framr-1734	62	8	its	its	PRON
framr-1734	62	9	own	own	ADJ
framr-1734	62	10	particularity	particularity	NOUN
framr-1734	62	11	.	.	PUNCT
framr-1734	63	1	this	this	DET
framr-1734	63	2	paper	paper	NOUN
framr-1734	63	3	studies	study	VERB
framr-1734	63	4	the	the	DET
framr-1734	63	5	determinants	determinant	NOUN
framr-1734	63	6	of	of	ADP
framr-1734	63	7	china	china	PROPN
framr-1734	63	8	’s	’s	PART
framr-1734	63	9	money	money	NOUN
framr-1734	63	10	demand	demand	NOUN
framr-1734	63	11	through	through	ADP
framr-1734	63	12	building	build	VERB
framr-1734	63	13	a	a	DET
framr-1734	63	14	linear	linear	ADJ
framr-1734	63	15	econometric	econometric	ADJ
framr-1734	63	16	model	model	NOUN
framr-1734	63	17	and	and	CCONJ
framr-1734	63	18	svar	svar	PROPN
framr-1734	63	19	model	model	PROPN
framr-1734	63	20	.	.	PUNCT
framr-1734	64	1	the	the	DET
framr-1734	64	2	empirical	empirical	ADJ
framr-1734	64	3	results	result	NOUN
framr-1734	64	4	show	show	VERB
framr-1734	64	5	that	that	SCONJ
framr-1734	64	6	china	china	PROPN
framr-1734	64	7	’s	’s	PART
framr-1734	64	8	money	money	NOUN
framr-1734	64	9	demand	demand	NOUN
framr-1734	64	10	is	be	AUX
framr-1734	64	11	mainly	mainly	ADV
framr-1734	64	12	decided	decide	VERB
framr-1734	64	13	by	by	ADP
framr-1734	64	14	income	income	NOUN
framr-1734	64	15	,	,	PUNCT
framr-1734	64	16	interest	interest	NOUN
framr-1734	64	17	rate	rate	NOUN
framr-1734	64	18	and	and	CCONJ
framr-1734	64	19	expected	expect	VERB
framr-1734	64	20	inflation	inflation	NOUN
framr-1734	64	21	rate	rate	NOUN
framr-1734	64	22	.	.	PUNCT
framr-1734	65	1	however	however	ADV
framr-1734	65	2	,	,	PUNCT
framr-1734	65	3	other	other	ADJ
framr-1734	65	4	factors	factor	NOUN
framr-1734	65	5	,	,	PUNCT
framr-1734	65	6	such	such	ADJ
framr-1734	65	7	as	as	ADP
framr-1734	65	8	financial	financial	ADJ
framr-1734	65	9	innovation	innovation	NOUN
framr-1734	65	10	,	,	PUNCT
framr-1734	65	11	government	government	NOUN
framr-1734	65	12	debt	debt	NOUN
framr-1734	65	13	,	,	PUNCT
framr-1734	65	14	capital	capital	NOUN
framr-1734	65	15	mobility	mobility	NOUN
framr-1734	65	16	and	and	CCONJ
framr-1734	65	17	currency	currency	NOUN
framr-1734	65	18	substitution	substitution	NOUN
framr-1734	65	19	,	,	PUNCT
framr-1734	65	20	play	play	VERB
framr-1734	65	21	a	a	DET
framr-1734	65	22	relatively	relatively	ADV
framr-1734	65	23	small	small	ADJ
framr-1734	65	24	role	role	NOUN
framr-1734	65	25	,	,	PUNCT
framr-1734	65	26	mainly	mainly	ADV
framr-1734	65	27	because	because	SCONJ
framr-1734	65	28	china	china	PROPN
framr-1734	65	29	’s	’s	PART
framr-1734	65	30	financial	financial	ADJ
framr-1734	65	31	and	and	CCONJ
framr-1734	65	32	monetary	monetary	ADJ
framr-1734	65	33	system	system	NOUN
framr-1734	65	34	has	have	AUX
framr-1734	65	35	been	be	AUX
framr-1734	65	36	under	under	ADP
framr-1734	65	37	reform	reform	NOUN
framr-1734	65	38	.	.	PUNCT
framr-1734	66	1	the	the	DET
framr-1734	66	2	regression	regression	NOUN
framr-1734	66	3	results	result	NOUN
framr-1734	66	4	of	of	ADP
framr-1734	66	5	sample	sample	NOUN
framr-1734	66	6	data	datum	NOUN
framr-1734	66	7	from	from	ADP
framr-1734	66	8	different	different	ADJ
framr-1734	66	9	periods	period	NOUN
framr-1734	66	10	show	show	VERB
framr-1734	66	11	that	that	SCONJ
framr-1734	66	12	money	money	NOUN
framr-1734	66	13	demand	demand	NOUN
framr-1734	66	14	in	in	ADP
framr-1734	66	15	china	china	PROPN
framr-1734	66	16	is	be	AUX
framr-1734	66	17	unstable	unstable	ADJ
framr-1734	66	18	,	,	PUNCT
framr-1734	66	19	indicating	indicate	VERB
framr-1734	66	20	that	that	SCONJ
framr-1734	66	21	china	china	PROPN
framr-1734	66	22	’s	’s	PART
framr-1734	66	23	macro	macro	NOUN
framr-1734	66	24	-	-	NOUN
framr-1734	66	25	economy	economy	NOUN
framr-1734	66	26	has	have	VERB
framr-1734	66	27	certain	certain	ADJ
framr-1734	66	28	risks	risk	NOUN
framr-1734	66	29	.	.	PUNCT
framr-1734	67	1	this	this	DET
framr-1734	67	2	finding	finding	NOUN
framr-1734	67	3	suggests	suggest	VERB
framr-1734	67	4	that	that	SCONJ
framr-1734	67	5	china	china	PROPN
framr-1734	67	6	should	should	AUX
framr-1734	67	7	adopt	adopt	VERB
framr-1734	67	8	prudent	prudent	ADJ
framr-1734	67	9	financial	financial	ADJ
framr-1734	67	10	and	and	CCONJ
framr-1734	67	11	monetary	monetary	ADJ
framr-1734	67	12	policies	policy	NOUN
framr-1734	67	13	to	to	PART
framr-1734	67	14	cope	cope	VERB
framr-1734	67	15	with	with	ADP
framr-1734	67	16	the	the	DET
framr-1734	67	17	uncertainty	uncertainty	NOUN
framr-1734	67	18	of	of	ADP
framr-1734	67	19	money	money	NOUN
framr-1734	67	20	demand	demand	NOUN
framr-1734	67	21	in	in	ADP
framr-1734	67	22	the	the	DET
framr-1734	67	23	future	future	NOUN
framr-1734	67	24	.	.	PUNCT
framr-1734	68	1	ben	ben	PROPN
framr-1734	68	2	-	-	PUNCT
framr-1734	68	3	salha	salha	NOUN
framr-1734	68	4	and	and	CCONJ
framr-1734	68	5	jaidi	jaidi	NOUN
framr-1734	68	6	(	(	PUNCT
framr-1734	68	7	2014	2014	NUM
framr-1734	68	8	)	)	PUNCT
framr-1734	68	9	estimated	estimate	VERB
framr-1734	68	10	the	the	DET
framr-1734	68	11	money	money	NOUN
framr-1734	68	12	demand	demand	NOUN
framr-1734	68	13	function	function	NOUN
framr-1734	68	14	in	in	ADP
framr-1734	68	15	tunisia	tunisia	PROPN
framr-1734	68	16	.	.	PUNCT
framr-1734	69	1	the	the	DET
framr-1734	69	2	study	study	NOUN
framr-1734	69	3	assumed	assume	VERB
framr-1734	69	4	that	that	SCONJ
framr-1734	69	5	unlike	unlike	ADP
framr-1734	69	6	many	many	ADJ
framr-1734	69	7	previous	previous	ADJ
framr-1734	69	8	money	money	NOUN
framr-1734	69	9	demand	demand	NOUN
framr-1734	69	10	studies	study	NOUN
framr-1734	69	11	,	,	PUNCT
framr-1734	69	12	the	the	DET
framr-1734	69	13	major	major	ADJ
framr-1734	69	14	components	component	NOUN
framr-1734	69	15	of	of	ADP
framr-1734	69	16	real	real	ADJ
framr-1734	69	17	income	income	NOUN
framr-1734	69	18	are	be	AUX
framr-1734	69	19	considered	consider	VERB
framr-1734	69	20	.	.	PUNCT
framr-1734	70	1	based	base	VERB
framr-1734	70	2	on	on	ADP
framr-1734	70	3	annual	annual	ADJ
framr-1734	70	4	data	datum	NOUN
framr-1734	70	5	ranging	range	VERB
framr-1734	70	6	between	between	ADP
framr-1734	70	7	1979	1979	NUM
framr-1734	70	8	and	and	CCONJ
framr-1734	70	9	2011	2011	NUM
framr-1734	70	10	and	and	CCONJ
framr-1734	70	11	the	the	DET
framr-1734	70	12	ardl	ardl	NOUN
framr-1734	70	13	bounds	bound	VERB
framr-1734	70	14	testing	testing	NOUN
framr-1734	70	15	approach	approach	NOUN
framr-1734	70	16	,	,	PUNCT
framr-1734	70	17	results	result	NOUN
framr-1734	70	18	reveal	reveal	VERB
framr-1734	70	19	evidence	evidence	NOUN
framr-1734	70	20	of	of	ADP
framr-1734	70	21	cointegration	cointegration	NOUN
framr-1734	70	22	between	between	ADP
framr-1734	70	23	the	the	DET
framr-1734	70	24	broad	broad	ADJ
framr-1734	70	25	money	money	NOUN
framr-1734	70	26	demand	demand	NOUN
framr-1734	70	27	and	and	CCONJ
framr-1734	70	28	its	its	PRON
framr-1734	70	29	determinants	determinant	NOUN
framr-1734	70	30	,	,	PUNCT
framr-1734	70	31	namely	namely	ADV
framr-1734	70	32	the	the	DET
framr-1734	70	33	final	final	ADJ
framr-1734	70	34	consumption	consumption	NOUN
framr-1734	70	35	expenditure	expenditure	NOUN
framr-1734	70	36	,	,	PUNCT
framr-1734	70	37	the	the	DET
framr-1734	70	38	expenditure	expenditure	NOUN
framr-1734	70	39	on	on	ADP
framr-1734	70	40	investment	investment	NOUN
framr-1734	70	41	goods	good	NOUN
framr-1734	70	42	,	,	PUNCT
framr-1734	70	43	the	the	DET
framr-1734	70	44	export	export	NOUN
framr-1734	70	45	expenditure	expenditure	NOUN
framr-1734	70	46	and	and	CCONJ
framr-1734	70	47	the	the	DET
framr-1734	70	48	interest	interest	NOUN
framr-1734	70	49	rate	rate	NOUN
framr-1734	70	50	.	.	PUNCT
framr-1734	71	1	the	the	DET
framr-1734	71	2	error	error	NOUN
framr-1734	71	3	correction	correction	NOUN
framr-1734	71	4	model	model	NOUN
framr-1734	71	5	shows	show	VERB
framr-1734	71	6	that	that	SCONJ
framr-1734	71	7	the	the	DET
framr-1734	71	8	demand	demand	NOUN
framr-1734	71	9	for	for	ADP
framr-1734	71	10	money	money	NOUN
framr-1734	71	11	is	be	AUX
framr-1734	71	12	only	only	ADV
framr-1734	71	13	affected	affect	VERB
framr-1734	71	14	by	by	ADP
framr-1734	71	15	the	the	DET
framr-1734	71	16	interest	interest	NOUN
framr-1734	71	17	rate	rate	NOUN
framr-1734	71	18	and	and	CCONJ
framr-1734	71	19	the	the	DET
framr-1734	71	20	expenditure	expenditure	NOUN
framr-1734	71	21	on	on	ADP
framr-1734	71	22	investment	investment	NOUN
framr-1734	71	23	goods	good	NOUN
framr-1734	71	24	in	in	ADP
framr-1734	71	25	the	the	DET
framr-1734	71	26	short	short	ADJ
framr-1734	71	27	-	-	PUNCT
framr-1734	71	28	run	run	NOUN
framr-1734	71	29	,	,	PUNCT
framr-1734	71	30	while	while	SCONJ
framr-1734	71	31	in	in	ADP
framr-1734	71	32	the	the	DET
framr-1734	71	33	long	long	ADV
framr-1734	71	34	-	-	PUNCT
framr-1734	71	35	run	run	VERB
framr-1734	71	36	the	the	DET
framr-1734	71	37	final	final	ADJ
framr-1734	71	38	consumption	consumption	NOUN
framr-1734	71	39	expenditure	expenditure	NOUN
framr-1734	71	40	and	and	CCONJ
framr-1734	71	41	the	the	DET
framr-1734	71	42	interest	interest	NOUN
framr-1734	71	43	rate	rate	NOUN
framr-1734	71	44	represent	represent	VERB
framr-1734	71	45	the	the	DET
framr-1734	71	46	major	major	ADJ
framr-1734	71	47	money	money	NOUN
framr-1734	71	48	demand	demand	NOUN
framr-1734	71	49	determinants	determinant	NOUN
framr-1734	71	50	.	.	PUNCT
framr-1734	72	1	these	these	DET
framr-1734	72	2	findings	finding	NOUN
framr-1734	72	3	are	be	AUX
framr-1734	72	4	robust	robust	ADJ
framr-1734	72	5	to	to	ADP
framr-1734	72	6	a	a	DET
framr-1734	72	7	variety	variety	NOUN
framr-1734	72	8	of	of	ADP
framr-1734	72	9	alternative	alternative	ADJ
framr-1734	72	10	money	money	NOUN
framr-1734	72	11	demand	demand	NOUN
framr-1734	72	12	specifications	specification	NOUN
framr-1734	72	13	and	and	CCONJ
framr-1734	72	14	estimation	estimation	NOUN
framr-1734	72	15	methods	method	NOUN
framr-1734	72	16	.	.	PUNCT
framr-1734	73	1	the	the	DET
framr-1734	73	2	saikkonen	saikkonen	PROPN
framr-1734	73	3	–	–	PUNCT
framr-1734	73	4	lütkepohl	lütkepohl	NOUN
framr-1734	73	5	cointegration	cointegration	NOUN
framr-1734	73	6	test	test	NOUN
framr-1734	73	7	with	with	ADP
framr-1734	73	8	structural	structural	ADJ
framr-1734	73	9	shift	shift	NOUN
framr-1734	73	10	and	and	CCONJ
framr-1734	73	11	the	the	DET
framr-1734	73	12	johansen	johansen	PROPN
framr-1734	73	13	–	–	PUNCT
framr-1734	73	14	mosconi	mosconi	PROPN
framr-1734	73	15	–	–	PUNCT
framr-1734	73	16	nielsen	nielsen	PROPN
framr-1734	73	17	structural	structural	ADJ
framr-1734	73	18	break	break	NOUN
framr-1734	73	19	cointegration	cointegration	NOUN
framr-1734	73	20	test	test	NOUN
framr-1734	73	21	are	be	AUX
framr-1734	73	22	performed	perform	VERB
framr-1734	73	23	in	in	ADP
framr-1734	73	24	order	order	NOUN
framr-1734	73	25	to	to	PART
framr-1734	73	26	control	control	VERB
framr-1734	73	27	for	for	ADP
framr-1734	73	28	structural	structural	ADJ
framr-1734	73	29	change	change	NOUN
framr-1734	73	30	.	.	PUNCT
framr-1734	74	1	in	in	ADP
framr-1734	74	2	addition	addition	NOUN
framr-1734	74	3	,	,	PUNCT
framr-1734	74	4	the	the	DET
framr-1734	74	5	stability	stability	NOUN
framr-1734	74	6	of	of	ADP
framr-1734	74	7	the	the	DET
framr-1734	74	8	relationship	relationship	NOUN
framr-1734	74	9	is	be	AUX
framr-1734	74	10	checked	check	VERB
framr-1734	74	11	using	use	VERB
framr-1734	74	12	the	the	DET
framr-1734	74	13	chow	chow	PROPN
framr-1734	74	14	stability	stability	NOUN
framr-1734	74	15	test	test	NOUN
framr-1734	74	16	and	and	CCONJ
framr-1734	74	17	the	the	DET
framr-1734	74	18	hansen	hansen	PROPN
framr-1734	74	19	parameter	parameter	PROPN
framr-1734	74	20	instability	instability	NOUN
framr-1734	74	21	test	test	NOUN
framr-1734	74	22	.	.	PUNCT
framr-1734	75	1	in	in	ADP
framr-1734	75	2	the	the	DET
framr-1734	75	3	light	light	NOUN
framr-1734	75	4	of	of	ADP
framr-1734	75	5	the	the	DET
framr-1734	75	6	study	study	NOUN
framr-1734	75	7	,	,	PUNCT
framr-1734	75	8	we	we	PRON
framr-1734	75	9	advance	advance	VERB
framr-1734	75	10	that	that	SCONJ
framr-1734	75	11	monetary	monetary	ADJ
framr-1734	75	12	policy	policy	NOUN
framr-1734	75	13	in	in	ADP
framr-1734	75	14	tunisia	tunisia	PROPN
framr-1734	75	15	should	should	AUX
framr-1734	75	16	be	be	AUX
framr-1734	75	17	based	base	VERB
framr-1734	75	18	on	on	ADP
framr-1734	75	19	a	a	DET
framr-1734	75	20	broad	broad	ADJ
framr-1734	75	21	definition	definition	NOUN
framr-1734	75	22	of	of	ADP
framr-1734	75	23	money	money	NOUN
framr-1734	75	24	.	.	PUNCT
framr-1734	76	1	furthermore	furthermore	ADV
framr-1734	76	2	,	,	PUNCT
framr-1734	76	3	the	the	DET
framr-1734	76	4	estimation	estimation	NOUN
framr-1734	76	5	of	of	ADP
framr-1734	76	6	money	money	NOUN
framr-1734	76	7	demand	demand	NOUN
framr-1734	76	8	functions	function	NOUN
framr-1734	76	9	must	must	AUX
framr-1734	76	10	take	take	VERB
framr-1734	76	11	into	into	ADP
framr-1734	76	12	account	account	NOUN
framr-1734	76	13	the	the	DET
framr-1734	76	14	different	different	ADJ
framr-1734	76	15	expenditure	expenditure	NOUN
framr-1734	76	16	components	component	NOUN
framr-1734	76	17	of	of	ADP
framr-1734	76	18	real	real	ADJ
framr-1734	76	19	income	income	NOUN
framr-1734	76	20	.	.	PUNCT
framr-1734	77	1	bhattarai	bhattarai	PROPN
framr-1734	77	2	(	(	PUNCT
framr-1734	77	3	2014	2014	NUM
framr-1734	77	4	)	)	PUNCT
framr-1734	77	5	observed	observe	VERB
framr-1734	77	6	that	that	SCONJ
framr-1734	77	7	cash	cash	NOUN
framr-1734	77	8	in	in	ADP
framr-1734	77	9	advance	advance	NOUN
framr-1734	77	10	and	and	CCONJ
framr-1734	77	11	money	money	NOUN
framr-1734	77	12	in	in	ADP
framr-1734	77	13	utility	utility	NOUN
framr-1734	77	14	function	function	NOUN
framr-1734	77	15	models	model	NOUN
framr-1734	77	16	are	be	AUX
framr-1734	77	17	used	use	VERB
framr-1734	77	18	to	to	PART
framr-1734	77	19	examine	examine	VERB
framr-1734	77	20	whether	whether	SCONJ
framr-1734	77	21	the	the	DET
framr-1734	77	22	nature	nature	NOUN
framr-1734	77	23	of	of	ADP
framr-1734	77	24	fluctuations	fluctuation	NOUN
framr-1734	77	25	in	in	ADP
framr-1734	77	26	economic	economic	ADJ
framr-1734	77	27	activities	activity	NOUN
framr-1734	77	28	and	and	CCONJ
framr-1734	77	29	welfare	welfare	NOUN
framr-1734	77	30	in	in	ADP
framr-1734	77	31	three	three	NUM
framr-1734	77	32	interdependent	interdependent	ADJ
framr-1734	77	33	economies	economy	NOUN
framr-1734	77	34	are	be	AUX
framr-1734	77	35	related	relate	VERB
framr-1734	77	36	to	to	ADP
framr-1734	77	37	the	the	DET
framr-1734	77	38	stocks	stock	NOUN
framr-1734	77	39	and	and	CCONJ
framr-1734	77	40	growth	growth	NOUN
framr-1734	77	41	rate	rate	NOUN
framr-1734	77	42	of	of	ADP
framr-1734	77	43	money	money	NOUN
framr-1734	77	44	.	.	PUNCT
framr-1734	78	1	when	when	SCONJ
framr-1734	78	2	the	the	DET
framr-1734	78	3	money	money	NOUN
framr-1734	78	4	is	be	AUX
framr-1734	78	5	exogenously	exogenously	ADV
framr-1734	78	6	introduced	introduce	VERB
framr-1734	78	7	in	in	ADP
framr-1734	78	8	the	the	DET
framr-1734	78	9	form	form	NOUN
framr-1734	78	10	of	of	ADP
framr-1734	78	11	cash	cash	NOUN
framr-1734	78	12	in	in	ADP
framr-1734	78	13	advance	advance	NOUN
framr-1734	78	14	,	,	PUNCT
framr-1734	78	15	it	it	PRON
framr-1734	78	16	serves	serve	VERB
framr-1734	78	17	as	as	ADP
framr-1734	78	18	a	a	DET
framr-1734	78	19	medium	medium	NOUN
framr-1734	78	20	of	of	ADP
framr-1734	78	21	exchange	exchange	NOUN
framr-1734	78	22	and	and	CCONJ
framr-1734	78	23	the	the	DET
framr-1734	78	24	rate	rate	NOUN
framr-1734	78	25	of	of	ADP
framr-1734	78	26	return	return	NOUN
framr-1734	78	27	in	in	ADP
framr-1734	78	28	real	real	ADJ
framr-1734	78	29	and	and	CCONJ
framr-1734	78	30	nominal	nominal	ADJ
framr-1734	78	31	assets	asset	NOUN
framr-1734	78	32	become	become	VERB
framr-1734	78	33	equal	equal	ADJ
framr-1734	78	34	.	.	PUNCT
framr-1734	79	1	idiosyncratic	idiosyncratic	ADJ
framr-1734	79	2	technological	technological	ADJ
framr-1734	79	3	shocks	shock	NOUN
framr-1734	79	4	generate	generate	VERB
framr-1734	79	5	fluctuations	fluctuation	NOUN
framr-1734	79	6	in	in	ADP
framr-1734	79	7	the	the	DET
framr-1734	79	8	growth	growth	NOUN
framr-1734	79	9	rates	rate	NOUN
framr-1734	79	10	of	of	ADP
framr-1734	79	11	capital	capital	NOUN
framr-1734	79	12	,	,	PUNCT
framr-1734	79	13	output	output	NOUN
framr-1734	79	14	,	,	PUNCT
framr-1734	79	15	prices	price	NOUN
framr-1734	79	16	,	,	PUNCT
framr-1734	79	17	money	money	NOUN
framr-1734	79	18	,	,	PUNCT
framr-1734	79	19	consumption	consumption	NOUN
framr-1734	79	20	,	,	PUNCT
framr-1734	79	21	investment	investment	NOUN
framr-1734	79	22	,	,	PUNCT
framr-1734	79	23	labour	labour	NOUN
framr-1734	79	24	supply	supply	NOUN
framr-1734	79	25	and	and	CCONJ
framr-1734	79	26	lifetime	lifetime	NOUN
framr-1734	79	27	utilities	utility	NOUN
framr-1734	79	28	of	of	ADP
framr-1734	79	29	households	household	NOUN
framr-1734	79	30	.	.	PUNCT
framr-1734	80	1	when	when	SCONJ
framr-1734	80	2	households	household	NOUN
framr-1734	80	3	have	have	VERB
framr-1734	80	4	money	money	NOUN
framr-1734	80	5	endogenously	endogenously	ADV
framr-1734	80	6	in	in	ADP
framr-1734	80	7	their	their	PRON
framr-1734	80	8	utility	utility	NOUN
framr-1734	80	9	functions	function	NOUN
framr-1734	80	10	,	,	PUNCT
framr-1734	80	11	the	the	DET
framr-1734	80	12	stock	stock	NOUN
framr-1734	80	13	of	of	ADP
framr-1734	80	14	money	money	NOUN
framr-1734	80	15	in	in	ADP
framr-1734	80	16	excess	excess	NOUN
framr-1734	80	17	of	of	ADP
framr-1734	80	18	that	that	PRON
framr-1734	80	19	required	require	VERB
framr-1734	80	20	for	for	ADP
framr-1734	80	21	transactions	transaction	NOUN
framr-1734	80	22	causes	cause	VERB
framr-1734	80	23	inflation	inflation	NOUN
framr-1734	80	24	and	and	CCONJ
framr-1734	80	25	reduces	reduce	VERB
framr-1734	80	26	the	the	DET
framr-1734	80	27	amount	amount	NOUN
framr-1734	80	28	of	of	ADP
framr-1734	80	29	capital	capital	NOUN
framr-1734	80	30	stock	stock	NOUN
framr-1734	80	31	and	and	CCONJ
framr-1734	80	32	output	output	NOUN
framr-1734	80	33	in	in	ADP
framr-1734	80	34	these	these	DET
framr-1734	80	35	economies	economy	NOUN
framr-1734	80	36	.	.	PUNCT
framr-1734	81	1	both	both	CCONJ
framr-1734	81	2	cia	cia	PROPN
framr-1734	81	3	and	and	CCONJ
framr-1734	81	4	miu	miu	PROPN
framr-1734	81	5	models	model	NOUN
framr-1734	81	6	support	support	VERB
framr-1734	81	7	for	for	ADP
framr-1734	81	8	a	a	DET
framr-1734	81	9	steady	steady	ADJ
framr-1734	81	10	growth	growth	NOUN
framr-1734	81	11	rate	rate	NOUN
framr-1734	81	12	of	of	ADP
framr-1734	81	13	money	money	NOUN
framr-1734	81	14	according	accord	VERB
framr-1734	81	15	to	to	ADP
framr-1734	81	16	the	the	DET
framr-1734	81	17	growth	growth	NOUN
framr-1734	81	18	rate	rate	NOUN
framr-1734	81	19	of	of	ADP
framr-1734	81	20	output	output	NOUN
framr-1734	81	21	.	.	PUNCT
framr-1734	82	1	while	while	SCONJ
framr-1734	82	2	the	the	DET
framr-1734	82	3	inflation	inflation	NOUN
framr-1734	82	4	targeting	target	VERB
framr-1734	82	5	by	by	ADP
framr-1734	82	6	manipulating	manipulate	VERB
framr-1734	82	7	the	the	DET
framr-1734	82	8	interest	interest	NOUN
framr-1734	82	9	rates	rate	NOUN
framr-1734	82	10	for	for	ADP
framr-1734	82	11	macroeconomic	macroeconomic	ADJ
framr-1734	82	12	stability	stability	NOUN
framr-1734	82	13	is	be	AUX
framr-1734	82	14	theoretically	theoretically	ADV
framr-1734	82	15	a	a	DET
framr-1734	82	16	prudent	prudent	ADJ
framr-1734	82	17	policy	policy	NOUN
framr-1734	82	18	move	move	NOUN
framr-1734	82	19	,	,	PUNCT
framr-1734	82	20	it	it	PRON
framr-1734	82	21	is	be	AUX
framr-1734	82	22	impossible	impossible	ADJ
framr-1734	82	23	for	for	SCONJ
framr-1734	82	24	a	a	DET
framr-1734	82	25	central	central	ADJ
framr-1734	82	26	bank	bank	NOUN
framr-1734	82	27	to	to	PART
framr-1734	82	28	eliminate	eliminate	VERB
framr-1734	82	29	business	business	NOUN
framr-1734	82	30	cycles	cycle	NOUN
framr-1734	82	31	that	that	PRON
framr-1734	82	32	arise	arise	VERB
framr-1734	82	33	from	from	ADP
framr-1734	82	34	shocks	shock	NOUN
framr-1734	82	35	to	to	ADP
framr-1734	82	36	production	production	NOUN
framr-1734	82	37	technology	technology	NOUN
framr-1734	82	38	or	or	CCONJ
framr-1734	82	39	to	to	ADP
framr-1734	82	40	other	other	ADJ
framr-1734	82	41	structural	structural	ADJ
framr-1734	82	42	features	feature	NOUN
framr-1734	82	43	of	of	ADP
framr-1734	82	44	an	an	DET
framr-1734	82	45	economy	economy	NOUN
framr-1734	82	46	.	.	PUNCT
framr-1734	83	1	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/cointegration	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/cointegration	NOUN
framr-1734	83	2	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/capital-goods	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/capital-good	VERB
framr-1734	83	3	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/monetary-policy	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/monetary-policy	ADJ
framr-1734	83	4	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/macroeconomics	https://www.sciencedirect.com/topics/economics-econometrics-and-finance/macroeconomic	NOUN
framr-1734	83	5	financial	financial	ADJ
framr-1734	83	6	risk	risk	NOUN
framr-1734	83	7	and	and	CCONJ
framr-1734	83	8	management	management	NOUN
framr-1734	83	9	reviews	review	NOUN
framr-1734	83	10	,	,	PUNCT
framr-1734	83	11	2020	2020	NUM
framr-1734	83	12	,	,	PUNCT
framr-1734	83	13	6(1	6(1	NUM
framr-1734	83	14	):	):	PUNCT
framr-1734	83	15	1	1	NUM
framr-1734	83	16	-	-	SYM
framr-1734	83	17	13	13	NUM
framr-1734	83	18	5	5	NUM
framr-1734	83	19	©	©	PROPN
framr-1734	83	20	2020	2020	NUM
framr-1734	83	21	conscientia	conscientia	PROPN
framr-1734	83	22	beam	beam	PROPN
framr-1734	83	23	.	.	PUNCT
framr-1734	84	1	all	all	DET
framr-1734	84	2	rights	right	NOUN
framr-1734	84	3	reserved	reserve	VERB
framr-1734	84	4	.	.	PUNCT
framr-1734	85	1	iyoboyi	iyoboyi	PROPN
framr-1734	85	2	and	and	CCONJ
framr-1734	85	3	pedro	pedro	PROPN
framr-1734	85	4	(	(	PUNCT
framr-1734	85	5	2013	2013	NUM
framr-1734	85	6	)	)	PUNCT
framr-1734	85	7	studied	study	VERB
framr-1734	85	8	the	the	DET
framr-1734	85	9	narrow	narrow	ADJ
framr-1734	85	10	money	money	NOUN
framr-1734	85	11	demand	demand	NOUN
framr-1734	85	12	function	function	NOUN
framr-1734	85	13	of	of	ADP
framr-1734	85	14	nigeria	nigeria	PROPN
framr-1734	85	15	using	use	VERB
framr-1734	85	16	data	datum	NOUN
framr-1734	85	17	from	from	ADP
framr-1734	85	18	1970	1970	NUM
framr-1734	85	19	to	to	ADP
framr-1734	85	20	2010	2010	NUM
framr-1734	85	21	,	,	PUNCT
framr-1734	85	22	using	use	VERB
framr-1734	85	23	(	(	PUNCT
framr-1734	85	24	a	a	DET
framr-1734	85	25	)	)	PUNCT
framr-1734	85	26	autoregressive	autoregressive	ADJ
framr-1734	85	27	distributed	distribute	VERB
framr-1734	85	28	lag	lag	NOUN
framr-1734	85	29	bounds	bound	NOUN
framr-1734	85	30	test	test	NOUN
framr-1734	85	31	approach	approach	NOUN
framr-1734	85	32	to	to	ADP
framr-1734	85	33	cointegration	cointegration	NOUN
framr-1734	85	34	;	;	PUNCT
framr-1734	85	35	(	(	PUNCT
framr-1734	85	36	b	b	X
framr-1734	85	37	)	)	PUNCT
framr-1734	85	38	augmented	augment	VERB
framr-1734	85	39	dickey	dickey	PROPN
framr-1734	85	40	fuller	full	ADJ
framr-1734	85	41	(	(	PUNCT
framr-1734	85	42	adf	adf	NOUN
framr-1734	85	43	)	)	PUNCT
framr-1734	85	44	;	;	PUNCT
framr-1734	85	45	(	(	PUNCT
framr-1734	85	46	c	c	X
framr-1734	85	47	)	)	PUNCT
framr-1734	85	48	philips	philip	NOUN
framr-1734	85	49	–	–	PUNCT
framr-1734	85	50	perron	perron	X
framr-1734	85	51	(	(	PUNCT
framr-1734	85	52	pp	pp	ADJ
framr-1734	85	53	)	)	PUNCT
framr-1734	85	54	unit	unit	NOUN
framr-1734	85	55	root	root	NOUN
framr-1734	85	56	tests	test	NOUN
framr-1734	85	57	.	.	PUNCT
framr-1734	86	1	the	the	DET
framr-1734	86	2	result	result	NOUN
framr-1734	86	3	established	establish	VERB
framr-1734	86	4	that	that	SCONJ
framr-1734	86	5	cointegration	cointegration	NOUN
framr-1734	86	6	exists	exist	VERB
framr-1734	86	7	among	among	ADP
framr-1734	86	8	narrow	narrow	ADJ
framr-1734	86	9	money	money	NOUN
framr-1734	86	10	demand	demand	NOUN
framr-1734	86	11	,	,	PUNCT
framr-1734	86	12	real	real	ADJ
framr-1734	86	13	income	income	NOUN
framr-1734	86	14	,	,	PUNCT
framr-1734	86	15	short	short	ADJ
framr-1734	86	16	term	term	NOUN
framr-1734	86	17	interest	interest	NOUN
framr-1734	86	18	rate	rate	NOUN
framr-1734	86	19	,	,	PUNCT
framr-1734	86	20	real	real	ADJ
framr-1734	86	21	expected	expect	VERB
framr-1734	86	22	exchange	exchange	NOUN
framr-1734	86	23	rate	rate	NOUN
framr-1734	86	24	,	,	PUNCT
framr-1734	86	25	expected	expect	VERB
framr-1734	86	26	inflation	inflation	NOUN
framr-1734	86	27	rate	rate	NOUN
framr-1734	86	28	,	,	PUNCT
framr-1734	86	29	and	and	CCONJ
framr-1734	86	30	foreign	foreign	ADJ
framr-1734	86	31	real	real	ADJ
framr-1734	86	32	interest	interest	NOUN
framr-1734	86	33	rate	rate	NOUN
framr-1734	86	34	in	in	ADP
framr-1734	86	35	the	the	DET
framr-1734	86	36	period	period	NOUN
framr-1734	86	37	under	under	ADP
framr-1734	86	38	investigation	investigation	NOUN
framr-1734	86	39	;	;	PUNCT
framr-1734	86	40	and	and	CCONJ
framr-1734	86	41	that	that	SCONJ
framr-1734	86	42	real	real	ADJ
framr-1734	86	43	income	income	NOUN
framr-1734	86	44	is	be	AUX
framr-1734	86	45	a	a	DET
framr-1734	86	46	significant	significant	ADJ
framr-1734	86	47	determinant	determinant	NOUN
framr-1734	86	48	of	of	ADP
framr-1734	86	49	narrow	narrow	ADJ
framr-1734	86	50	money	money	NOUN
framr-1734	86	51	in	in	ADP
framr-1734	86	52	both	both	CCONJ
framr-1734	86	53	long	long	ADJ
framr-1734	86	54	and	and	CCONJ
framr-1734	86	55	short	short	ADJ
framr-1734	86	56	run	run	NOUN
framr-1734	86	57	in	in	ADP
framr-1734	86	58	nigeria	nigeria	PROPN
framr-1734	86	59	and	and	CCONJ
framr-1734	86	60	interest	interest	NOUN
framr-1734	86	61	rate	rate	NOUN
framr-1734	86	62	is	be	AUX
framr-1734	86	63	only	only	ADV
framr-1734	86	64	significant	significant	ADJ
framr-1734	86	65	in	in	ADP
framr-1734	86	66	the	the	DET
framr-1734	86	67	long	long	ADJ
framr-1734	86	68	run	run	NOUN
framr-1734	86	69	nut	nut	NOUN
framr-1734	86	70	not	not	PART
framr-1734	86	71	short	short	ADJ
framr-1734	86	72	run	run	NOUN
framr-1734	86	73	.	.	PUNCT
framr-1734	87	1	central	central	ADJ
framr-1734	87	2	bank	bank	PROPN
framr-1734	87	3	of	of	ADP
framr-1734	87	4	nigeria	nigeria	PROPN
framr-1734	87	5	(	(	PUNCT
framr-1734	87	6	cbn	cbn	PROPN
framr-1734	87	7	)	)	PUNCT
framr-1734	87	8	(	(	PUNCT
framr-1734	87	9	2018	2018	NUM
framr-1734	87	10	)	)	PUNCT
framr-1734	87	11	re	re	VERB
framr-1734	87	12	-	-	VERB
framr-1734	87	13	examined	examine	VERB
framr-1734	87	14	the	the	DET
framr-1734	87	15	stability	stability	NOUN
framr-1734	87	16	of	of	ADP
framr-1734	87	17	the	the	DET
framr-1734	87	18	broad	broad	ADJ
framr-1734	87	19	money	money	NOUN
framr-1734	87	20	(	(	PUNCT
framr-1734	87	21	m2	m2	PROPN
framr-1734	87	22	)	)	PUNCT
framr-1734	87	23	demand	demand	NOUN
framr-1734	87	24	function	function	NOUN
framr-1734	87	25	in	in	ADP
framr-1734	87	26	nigeria	nigeria	PROPN
framr-1734	87	27	.	.	PUNCT
framr-1734	88	1	the	the	DET
framr-1734	88	2	study	study	NOUN
framr-1734	88	3	employed	employ	VERB
framr-1734	88	4	autoregressive	autoregressive	ADJ
framr-1734	88	5	distributed	distribute	VERB
framr-1734	88	6	lag	lag	NOUN
framr-1734	88	7	(	(	PUNCT
framr-1734	88	8	ardl	ardl	NOUN
framr-1734	88	9	)	)	PUNCT
framr-1734	88	10	as	as	ADV
framr-1734	88	11	well	well	ADV
framr-1734	88	12	as	as	ADP
framr-1734	88	13	bounds	bound	NOUN
framr-1734	88	14	tests	test	NOUN
framr-1734	88	15	in	in	ADP
framr-1734	88	16	relation	relation	NOUN
framr-1734	88	17	to	to	ADP
framr-1734	88	18	a	a	DET
framr-1734	88	19	set	set	NOUN
framr-1734	88	20	of	of	ADP
framr-1734	88	21	quarterly	quarterly	ADJ
framr-1734	88	22	time	time	NOUN
framr-1734	88	23	-	-	PUNCT
framr-1734	88	24	series	series	NOUN
framr-1734	88	25	data	datum	NOUN
framr-1734	88	26	from	from	ADP
framr-1734	88	27	1985(1	1985(1	NUM
framr-1734	88	28	)	)	PUNCT
framr-1734	88	29	to	to	ADP
framr-1734	88	30	2016(4	2016(4	NUM
framr-1734	88	31	)	)	PUNCT
framr-1734	88	32	.	.	PUNCT
framr-1734	89	1	it	it	PRON
framr-1734	89	2	was	be	AUX
framr-1734	89	3	then	then	ADV
framr-1734	89	4	concluded	conclude	VERB
framr-1734	89	5	that	that	SCONJ
framr-1734	89	6	there	there	PRON
framr-1734	89	7	was	be	VERB
framr-1734	89	8	a	a	DET
framr-1734	89	9	stable	stable	ADJ
framr-1734	89	10	long	long	ADJ
framr-1734	89	11	-	-	PUNCT
framr-1734	89	12	run	run	NOUN
framr-1734	89	13	relationship	relationship	NOUN
framr-1734	89	14	between	between	ADP
framr-1734	89	15	broad	broad	ADJ
framr-1734	89	16	money	money	NOUN
framr-1734	89	17	and	and	CCONJ
framr-1734	89	18	gdp	gdp	NOUN
framr-1734	89	19	,	,	PUNCT
framr-1734	89	20	stock	stock	NOUN
framr-1734	89	21	prices	price	NOUN
framr-1734	89	22	,	,	PUNCT
framr-1734	89	23	foreign	foreign	ADJ
framr-1734	89	24	interest	interest	NOUN
framr-1734	89	25	rates	rate	NOUN
framr-1734	89	26	and	and	CCONJ
framr-1734	89	27	real	real	ADJ
framr-1734	89	28	exchange	exchange	NOUN
framr-1734	89	29	rate	rate	NOUN
framr-1734	89	30	.	.	PUNCT
framr-1734	90	1	darrat	darrat	NOUN
framr-1734	90	2	(	(	PUNCT
framr-1734	90	3	1986	1986	NUM
framr-1734	90	4	)	)	PUNCT
framr-1734	90	5	in	in	ADP
framr-1734	90	6	his	his	PRON
framr-1734	90	7	study	study	NOUN
framr-1734	90	8	of	of	ADP
framr-1734	90	9	the	the	DET
framr-1734	90	10	demand	demand	NOUN
framr-1734	90	11	for	for	ADP
framr-1734	90	12	money	money	NOUN
framr-1734	90	13	function	function	NOUN
framr-1734	90	14	in	in	ADP
framr-1734	90	15	nigeria	nigeria	PROPN
framr-1734	90	16	for	for	ADP
framr-1734	90	17	1963–1979	1963–1979	NUM
framr-1734	90	18	.	.	PUNCT
framr-1734	91	1	the	the	DET
framr-1734	91	2	study	study	NOUN
framr-1734	91	3	employed	employ	VERB
framr-1734	91	4	a	a	DET
framr-1734	91	5	more	more	ADV
framr-1734	91	6	involved	involved	ADJ
framr-1734	91	7	complex	complex	ADJ
framr-1734	91	8	form	form	NOUN
framr-1734	91	9	of	of	ADP
framr-1734	91	10	distributed	distribute	VERB
framr-1734	91	11	lag	lag	NOUN
framr-1734	91	12	framework	framework	NOUN
framr-1734	91	13	for	for	ADP
framr-1734	91	14	his	his	PRON
framr-1734	91	15	model	model	NOUN
framr-1734	91	16	specification	specification	NOUN
framr-1734	91	17	for	for	ADP
framr-1734	91	18	currency	currency	NOUN
framr-1734	91	19	,	,	PUNCT
framr-1734	91	20	narrow	narrow	ADJ
framr-1734	91	21	money	money	NOUN
framr-1734	91	22	and	and	CCONJ
framr-1734	91	23	broad	broad	ADJ
framr-1734	91	24	money	money	NOUN
framr-1734	91	25	.	.	PUNCT
framr-1734	92	1	consideration	consideration	NOUN
framr-1734	92	2	was	be	AUX
framr-1734	92	3	also	also	ADV
framr-1734	92	4	given	give	VERB
framr-1734	92	5	to	to	ADP
framr-1734	92	6	the	the	DET
framr-1734	92	7	international	international	ADJ
framr-1734	92	8	monetary	monetary	ADJ
framr-1734	92	9	influences	influence	NOUN
framr-1734	92	10	on	on	ADP
framr-1734	92	11	domestic	domestic	ADJ
framr-1734	92	12	money	money	NOUN
framr-1734	92	13	holdings	holding	NOUN
framr-1734	92	14	,	,	PUNCT
framr-1734	92	15	through	through	ADP
framr-1734	92	16	the	the	DET
framr-1734	92	17	inclusion	inclusion	NOUN
framr-1734	92	18	of	of	ADP
framr-1734	92	19	foreign	foreign	ADJ
framr-1734	92	20	interest	interest	NOUN
framr-1734	92	21	rate	rate	NOUN
framr-1734	92	22	,	,	PUNCT
framr-1734	92	23	and	and	CCONJ
framr-1734	92	24	also	also	ADV
framr-1734	92	25	to	to	PART
framr-1734	92	26	income	income	VERB
framr-1734	92	27	and	and	CCONJ
framr-1734	92	28	expected	expect	VERB
framr-1734	92	29	inflation	inflation	NOUN
framr-1734	92	30	rate	rate	NOUN
framr-1734	92	31	.	.	PUNCT
framr-1734	93	1	the	the	DET
framr-1734	93	2	result	result	NOUN
framr-1734	93	3	found	find	VERB
framr-1734	93	4	that	that	SCONJ
framr-1734	93	5	income	income	NOUN
framr-1734	93	6	and	and	CCONJ
framr-1734	93	7	inflationary	inflationary	ADJ
framr-1734	93	8	expectation	expectation	NOUN
framr-1734	93	9	play	play	VERB
framr-1734	93	10	significant	significant	ADJ
framr-1734	93	11	roles	role	NOUN
framr-1734	93	12	in	in	ADP
framr-1734	93	13	determining	determine	VERB
framr-1734	93	14	real	real	ADJ
framr-1734	93	15	balances	balance	NOUN
framr-1734	93	16	;	;	PUNCT
framr-1734	93	17	foreign	foreign	ADJ
framr-1734	93	18	interest	interest	NOUN
framr-1734	93	19	rate	rate	NOUN
framr-1734	93	20	exerted	exert	VERB
framr-1734	93	21	a	a	DET
framr-1734	93	22	significant	significant	ADJ
framr-1734	93	23	negative	negative	ADJ
framr-1734	93	24	impact	impact	NOUN
framr-1734	93	25	on	on	ADP
framr-1734	93	26	real	real	ADJ
framr-1734	93	27	money	money	NOUN
framr-1734	93	28	demand	demand	NOUN
framr-1734	93	29	;	;	PUNCT
framr-1734	93	30	and	and	CCONJ
framr-1734	93	31	the	the	DET
framr-1734	93	32	demand	demand	NOUN
framr-1734	93	33	for	for	ADP
framr-1734	93	34	money	money	NOUN
framr-1734	93	35	function	function	NOUN
framr-1734	93	36	exhibited	exhibit	VERB
framr-1734	93	37	stability	stability	NOUN
framr-1734	93	38	in	in	ADP
framr-1734	93	39	the	the	DET
framr-1734	93	40	period	period	NOUN
framr-1734	93	41	under	under	ADP
framr-1734	93	42	review	review	NOUN
framr-1734	93	43	.	.	PUNCT
framr-1734	94	1	currently	currently	ADV
framr-1734	94	2	,	,	PUNCT
framr-1734	94	3	the	the	DET
framr-1734	94	4	central	central	ADJ
framr-1734	94	5	banks	bank	NOUN
framr-1734	94	6	of	of	ADP
framr-1734	94	7	nigeria	nigeria	PROPN
framr-1734	94	8	,	,	PUNCT
framr-1734	94	9	in	in	ADP
framr-1734	94	10	the	the	DET
framr-1734	94	11	formulation	formulation	NOUN
framr-1734	94	12	monetary	monetary	ADJ
framr-1734	94	13	policy	policy	NOUN
framr-1734	94	14	,	,	PUNCT
framr-1734	94	15	has	have	AUX
framr-1734	94	16	invariably	invariably	ADV
framr-1734	94	17	adopted	adopt	VERB
framr-1734	94	18	the	the	DET
framr-1734	94	19	log	log	NOUN
framr-1734	94	20	-	-	PUNCT
framr-1734	94	21	linear	linear	NOUN
framr-1734	94	22	real	real	ADJ
framr-1734	94	23	demand	demand	NOUN
framr-1734	94	24	for	for	ADP
framr-1734	94	25	money	money	NOUN
framr-1734	94	26	function	function	NOUN
framr-1734	94	27	(	(	PUNCT
framr-1734	94	28	for	for	ADP
framr-1734	94	29	both	both	CCONJ
framr-1734	94	30	broad	broad	ADJ
framr-1734	94	31	and	and	CCONJ
framr-1734	94	32	narrow	narrow	ADJ
framr-1734	94	33	money	money	NOUN
framr-1734	94	34	)	)	PUNCT
framr-1734	94	35	alongside	alongside	ADP
framr-1734	94	36	the	the	DET
framr-1734	94	37	partial	partial	ADJ
framr-1734	94	38	adjustment	adjustment	NOUN
framr-1734	94	39	framework	framework	NOUN
framr-1734	94	40	,	,	PUNCT
framr-1734	94	41	with	with	ADP
framr-1734	94	42	the	the	DET
framr-1734	94	43	principal	principal	ADJ
framr-1734	94	44	independent	independent	ADJ
framr-1734	94	45	variables	variable	NOUN
framr-1734	94	46	being	be	AUX
framr-1734	94	47	real	real	ADJ
framr-1734	94	48	income	income	NOUN
framr-1734	94	49	,	,	PUNCT
framr-1734	94	50	inflation	inflation	NOUN
framr-1734	94	51	rate	rate	NOUN
framr-1734	94	52	and	and	CCONJ
framr-1734	94	53	lagged	lag	VERB
framr-1734	94	54	real	real	ADJ
framr-1734	94	55	balances	balance	NOUN
framr-1734	94	56	.	.	PUNCT
framr-1734	95	1	3	3	X
framr-1734	95	2	.	.	X
framr-1734	95	3	methodology	methodology	NOUN
framr-1734	95	4	3.1	3.1	NUM
framr-1734	95	5	.	.	PUNCT
framr-1734	96	1	sources	source	NOUN
framr-1734	96	2	of	of	ADP
framr-1734	96	3	data	datum	NOUN
framr-1734	96	4	given	give	VERB
framr-1734	96	5	that	that	SCONJ
framr-1734	96	6	both	both	CCONJ
framr-1734	96	7	the	the	DET
framr-1734	96	8	broad	broad	ADJ
framr-1734	96	9	(	(	PUNCT
framr-1734	96	10	m2	m2	PROPN
framr-1734	96	11	)	)	PUNCT
framr-1734	96	12	and	and	CCONJ
framr-1734	96	13	the	the	DET
framr-1734	96	14	narrow	narrow	ADJ
framr-1734	96	15	money	money	NOUN
framr-1734	96	16	(	(	PUNCT
framr-1734	96	17	m1	m1	NOUN
framr-1734	96	18	)	)	PUNCT
framr-1734	96	19	were	be	AUX
framr-1734	96	20	studied	study	VERB
framr-1734	96	21	.	.	PUNCT
framr-1734	97	1	therefore	therefore	ADV
framr-1734	97	2	,	,	PUNCT
framr-1734	97	3	quarterly	quarterly	ADJ
framr-1734	97	4	data	datum	NOUN
framr-1734	97	5	were	be	AUX
framr-1734	97	6	collected	collect	VERB
framr-1734	97	7	from	from	ADP
framr-1734	97	8	the	the	DET
framr-1734	97	9	central	central	ADJ
framr-1734	97	10	bank	bank	PROPN
framr-1734	97	11	of	of	ADP
framr-1734	97	12	nigeria	nigeria	PROPN
framr-1734	97	13	(	(	PUNCT
framr-1734	97	14	cbn	cbn	PROPN
framr-1734	97	15	)	)	PUNCT
framr-1734	97	16	database	database	NOUN
framr-1734	97	17	and	and	CCONJ
framr-1734	97	18	statistical	statistical	ADJ
framr-1734	97	19	bulletin	bulletin	NOUN
framr-1734	97	20	publications	publication	NOUN
framr-1734	97	21	as	as	ADV
framr-1734	97	22	well	well	ADV
framr-1734	97	23	as	as	ADP
framr-1734	97	24	from	from	ADP
framr-1734	97	25	the	the	DET
framr-1734	97	26	database	database	NOUN
framr-1734	97	27	of	of	ADP
framr-1734	97	28	the	the	DET
framr-1734	97	29	nigeria	nigeria	PROPN
framr-1734	97	30	bureau	bureau	PROPN
framr-1734	97	31	of	of	ADP
framr-1734	97	32	statistics	statistic	NOUN
framr-1734	97	33	(	(	PUNCT
framr-1734	97	34	nbs	nbs	PROPN
framr-1734	97	35	)	)	PUNCT
framr-1734	97	36	for	for	ADP
framr-1734	97	37	all	all	DET
framr-1734	97	38	the	the	DET
framr-1734	97	39	variables	variable	NOUN
framr-1734	97	40	from	from	ADP
framr-1734	97	41	2006(q1	2006(q1	PROPN
framr-1734	97	42	)	)	PUNCT
framr-1734	97	43	to	to	ADP
framr-1734	97	44	2018(q4	2018(q4	NUM
framr-1734	97	45	)	)	PUNCT
framr-1734	97	46	.	.	PUNCT
framr-1734	98	1	however	however	ADV
framr-1734	98	2	,	,	PUNCT
framr-1734	98	3	quarterly	quarterly	ADJ
framr-1734	98	4	data	datum	NOUN
framr-1734	98	5	for	for	ADP
framr-1734	98	6	gdp	gdp	NOUN
framr-1734	98	7	were	be	AUX
framr-1734	98	8	not	not	PART
framr-1734	98	9	available	available	ADJ
framr-1734	98	10	between	between	ADP
framr-1734	98	11	2006	2006	NUM
framr-1734	98	12	and	and	CCONJ
framr-1734	98	13	2009	2009	NUM
framr-1734	98	14	though	though	SCONJ
framr-1734	98	15	annual	annual	ADJ
framr-1734	98	16	series	series	NOUN
framr-1734	98	17	existed	exist	VERB
framr-1734	98	18	,	,	PUNCT
framr-1734	98	19	and	and	CCONJ
framr-1734	98	20	the	the	DET
framr-1734	98	21	annual	annual	ADJ
framr-1734	98	22	series	series	NOUN
framr-1734	98	23	were	be	AUX
framr-1734	98	24	subjected	subject	VERB
framr-1734	98	25	to	to	ADP
framr-1734	98	26	the	the	DET
framr-1734	98	27	process	process	NOUN
framr-1734	98	28	of	of	ADP
framr-1734	98	29	data	datum	NOUN
framr-1734	98	30	segregation	segregation	NOUN
framr-1734	98	31	to	to	PART
framr-1734	98	32	obtain	obtain	VERB
framr-1734	98	33	estimated	estimate	VERB
framr-1734	98	34	quarterly	quarterly	ADJ
framr-1734	98	35	series	series	NOUN
framr-1734	98	36	for	for	ADP
framr-1734	98	37	gdp	gdp	NOUN
framr-1734	98	38	.	.	PUNCT
framr-1734	99	1	furthermore	furthermore	ADV
framr-1734	99	2	,	,	PUNCT
framr-1734	99	3	variables	variable	NOUN
framr-1734	99	4	(	(	PUNCT
framr-1734	99	5	m1	m1	NOUN
framr-1734	99	6	,	,	PUNCT
framr-1734	99	7	gdp	gdp	NOUN
framr-1734	99	8	and	and	CCONJ
framr-1734	99	9	exchange	exchange	NOUN
framr-1734	99	10	rate	rate	NOUN
framr-1734	99	11	)	)	PUNCT
framr-1734	99	12	were	be	AUX
framr-1734	99	13	translated	translate	VERB
framr-1734	99	14	into	into	ADP
framr-1734	99	15	log	log	NOUN
framr-1734	99	16	form	form	NOUN
framr-1734	99	17	and	and	CCONJ
framr-1734	99	18	expressed	express	VERB
framr-1734	99	19	accordingly	accordingly	ADV
framr-1734	99	20	3.2	3.2	NUM
framr-1734	99	21	.	.	PUNCT
framr-1734	100	1	estimation	estimation	NOUN
framr-1734	100	2	and	and	CCONJ
framr-1734	100	3	evaluation	evaluation	NOUN
framr-1734	100	4	techniques	technique	NOUN
framr-1734	100	5	vis	vis	X
framr-1734	100	6	a	a	X
framr-1734	100	7	vis	vis	X
framr-1734	100	8	data	datum	NOUN
framr-1734	100	9	desegregation	desegregation	NOUN
framr-1734	100	10	prior	prior	ADV
framr-1734	100	11	to	to	ADP
framr-1734	100	12	2010	2010	NUM
framr-1734	100	13	,	,	PUNCT
framr-1734	100	14	quarterly	quarterly	ADJ
framr-1734	100	15	data	datum	NOUN
framr-1734	100	16	(	(	PUNCT
framr-1734	100	17	both	both	CCONJ
framr-1734	100	18	at	at	ADP
framr-1734	100	19	nominal	nominal	ADJ
framr-1734	100	20	and	and	CCONJ
framr-1734	100	21	real	real	ADJ
framr-1734	100	22	prices	price	NOUN
framr-1734	100	23	)	)	PUNCT
framr-1734	100	24	were	be	AUX
framr-1734	100	25	not	not	PART
framr-1734	100	26	available	available	ADJ
framr-1734	100	27	for	for	ADP
framr-1734	100	28	nigeria	nigeria	PROPN
framr-1734	100	29	’s	’s	PART
framr-1734	100	30	gdp	gdp	PROPN
framr-1734	100	31	,	,	PUNCT
framr-1734	100	32	except	except	SCONJ
framr-1734	100	33	annual	annual	ADJ
framr-1734	100	34	gdp	gdp	NOUN
framr-1734	100	35	series	series	NOUN
framr-1734	100	36	.	.	PUNCT
framr-1734	101	1	that	that	PRON
framr-1734	101	2	is	be	AUX
framr-1734	101	3	,	,	PUNCT
framr-1734	101	4	only	only	ADV
framr-1734	101	5	annual	annual	ADJ
framr-1734	101	6	data	datum	NOUN
framr-1734	101	7	for	for	ADP
framr-1734	101	8	those	those	DET
framr-1734	101	9	periods	period	NOUN
framr-1734	101	10	(	(	PUNCT
framr-1734	101	11	2006	2006	NUM
framr-1734	101	12	to	to	ADP
framr-1734	101	13	2009	2009	NUM
framr-1734	101	14	)	)	PUNCT
framr-1734	101	15	were	be	AUX
framr-1734	101	16	available	available	ADJ
framr-1734	101	17	and	and	CCONJ
framr-1734	101	18	collected	collect	VERB
framr-1734	101	19	.	.	PUNCT
framr-1734	102	1	incidentally	incidentally	ADV
framr-1734	102	2	,	,	PUNCT
framr-1734	102	3	quarterly	quarterly	ADJ
framr-1734	102	4	and	and	CCONJ
framr-1734	102	5	annual	annual	ADJ
framr-1734	102	6	data	datum	NOUN
framr-1734	102	7	for	for	ADP
framr-1734	102	8	aggregate	aggregate	ADJ
framr-1734	102	9	credits	credit	NOUN
framr-1734	102	10	to	to	ADP
framr-1734	102	11	private	private	ADJ
framr-1734	102	12	sector	sector	NOUN
framr-1734	102	13	(	(	PUNCT
framr-1734	102	14	cps	cps	PROPN
framr-1734	102	15	)	)	PUNCT
framr-1734	102	16	were	be	AUX
framr-1734	102	17	available	available	ADJ
framr-1734	102	18	.	.	PUNCT
framr-1734	103	1	therefore	therefore	ADV
framr-1734	103	2	,	,	PUNCT
framr-1734	103	3	upon	upon	SCONJ
framr-1734	103	4	further	further	ADJ
framr-1734	103	5	analysis	analysis	NOUN
framr-1734	103	6	it	it	PRON
framr-1734	103	7	was	be	AUX
framr-1734	103	8	found	find	VERB
framr-1734	103	9	that	that	SCONJ
framr-1734	103	10	there	there	PRON
framr-1734	103	11	was	be	VERB
framr-1734	103	12	a	a	DET
framr-1734	103	13	high	high	ADJ
framr-1734	103	14	positive	positive	ADJ
framr-1734	103	15	correlation	correlation	NOUN
framr-1734	103	16	(	(	PUNCT
framr-1734	103	17	98	98	NUM
framr-1734	103	18	%	%	NOUN
framr-1734	103	19	)	)	PUNCT
framr-1734	103	20	between	between	ADP
framr-1734	103	21	annual	annual	ADJ
framr-1734	103	22	gdp	gdp	NOUN
framr-1734	103	23	and	and	CCONJ
framr-1734	103	24	credit	credit	NOUN
framr-1734	103	25	to	to	ADP
framr-1734	103	26	private	private	ADJ
framr-1734	103	27	sector	sector	NOUN
framr-1734	103	28	(	(	PUNCT
framr-1734	103	29	cps	cps	PROPN
framr-1734	103	30	)	)	PUNCT
framr-1734	103	31	.	.	PUNCT
framr-1734	104	1	given	give	VERB
framr-1734	104	2	the	the	DET
framr-1734	104	3	high	high	ADJ
framr-1734	104	4	correlation	correlation	NOUN
framr-1734	104	5	and	and	CCONJ
framr-1734	104	6	the	the	DET
framr-1734	104	7	fact	fact	NOUN
framr-1734	104	8	that	that	SCONJ
framr-1734	104	9	quarterly	quarterly	ADJ
framr-1734	104	10	data	datum	NOUN
framr-1734	104	11	on	on	ADP
framr-1734	104	12	cps	cps	PROPN
framr-1734	104	13	were	be	AUX
framr-1734	104	14	available	available	ADJ
framr-1734	104	15	for	for	ADP
framr-1734	104	16	the	the	DET
framr-1734	104	17	period	period	NOUN
framr-1734	104	18	2006	2006	NUM
framr-1734	104	19	to	to	ADP
framr-1734	104	20	2009	2009	NUM
framr-1734	104	21	,	,	PUNCT
framr-1734	104	22	the	the	DET
framr-1734	104	23	annual	annual	ADJ
framr-1734	104	24	gdp	gdp	NOUN
framr-1734	104	25	data	datum	NOUN
framr-1734	104	26	were	be	AUX
framr-1734	104	27	linearly	linearly	ADV
framr-1734	104	28	segregated	segregate	VERB
framr-1734	104	29	into	into	ADP
framr-1734	104	30	quarterly	quarterly	ADJ
framr-1734	104	31	data	datum	NOUN
framr-1734	104	32	for	for	ADP
framr-1734	104	33	the	the	DET
framr-1734	104	34	period	period	NOUN
framr-1734	104	35	2006	2006	NUM
framr-1734	104	36	to	to	ADP
framr-1734	104	37	2009	2009	NUM
framr-1734	104	38	using	use	VERB
framr-1734	104	39	quarterly	quarterly	ADJ
framr-1734	104	40	trends	trend	NOUN
framr-1734	104	41	of	of	ADP
framr-1734	104	42	cps	cps	PROPN
framr-1734	104	43	.	.	PUNCT
framr-1734	105	1	the	the	DET
framr-1734	105	2	linear	linear	PROPN
framr-1734	105	3	relationship	relationship	NOUN
framr-1734	105	4	used	use	VERB
framr-1734	105	5	for	for	ADP
framr-1734	105	6	the	the	DET
framr-1734	105	7	desegregation	desegregation	NOUN
framr-1734	105	8	is	be	AUX
framr-1734	105	9	:	:	PUNCT
framr-1734	105	10	where	where	SCONJ
framr-1734	105	11	;	;	PUNCT
framr-1734	105	12	qgdp	qgdp	NOUN
framr-1734	105	13			PROPN
framr-1734	105	14	gdp	gdp	NOUN
framr-1734	105	15	for	for	ADP
framr-1734	105	16	a	a	DET
framr-1734	105	17	given	give	VERB
framr-1734	105	18	quarter	quarter	NOUN
framr-1734	105	19	;	;	PUNCT
framr-1734	105	20	qcps	qcps	PROPN
framr-1734	105	21			PROPN
framr-1734	105	22	cps	cps	PROPN
framr-1734	105	23	movement	movement	NOUN
framr-1734	105	24	for	for	ADP
framr-1734	105	25	a	a	DET
framr-1734	105	26	given	give	VERB
framr-1734	105	27	quarter	quarter	NOUN
framr-1734	105	28	;	;	PUNCT
framr-1734	105	29	financial	financial	ADJ
framr-1734	105	30	risk	risk	NOUN
framr-1734	105	31	and	and	CCONJ
framr-1734	105	32	management	management	NOUN
framr-1734	105	33	reviews	review	NOUN
framr-1734	105	34	,	,	PUNCT
framr-1734	105	35	2020	2020	NUM
framr-1734	105	36	,	,	PUNCT
framr-1734	105	37	6(1	6(1	NUM
framr-1734	105	38	):	):	PUNCT
framr-1734	105	39	1	1	NUM
framr-1734	105	40	-	-	SYM
framr-1734	105	41	13	13	NUM
framr-1734	105	42	6	6	NUM
framr-1734	105	43	©	©	PROPN
framr-1734	105	44	2020	2020	NUM
framr-1734	105	45	conscientia	conscientia	PROPN
framr-1734	105	46	beam	beam	PROPN
framr-1734	105	47	.	.	PUNCT
framr-1734	106	1	all	all	DET
framr-1734	106	2	rights	right	NOUN
framr-1734	106	3	reserved	reserve	VERB
framr-1734	106	4	.	.	PUNCT
framr-1734	107	1	total	total	ADJ
framr-1734	107	2	movement	movement	NOUN
framr-1734	107	3	in	in	ADP
framr-1734	107	4	cps=	cps=	PROPN
framr-1734	107	5	4th	4th	ADJ
framr-1734	107	6	qtr	qtr	NOUN
framr-1734	107	7	.	.	PUNCT
framr-1734	108	1	cps	cps	PROPN
framr-1734	108	2	minus	minus	CCONJ
framr-1734	108	3	1st	1st	ADJ
framr-1734	108	4	qtr	qtr	PROPN
framr-1734	108	5	.	.	PUNCT
framr-1734	109	1	cps	cps	PROPN
framr-1734	109	2	3.3	3.3	NUM
framr-1734	109	3	.	.	PUNCT
framr-1734	110	1	model	model	NOUN
framr-1734	110	2	specification	specification	NOUN
framr-1734	110	3	this	this	DET
framr-1734	110	4	study	study	NOUN
framr-1734	110	5	assumes	assume	VERB
framr-1734	110	6	that	that	SCONJ
framr-1734	110	7	the	the	DET
framr-1734	110	8	demand	demand	NOUN
framr-1734	110	9	for	for	ADP
framr-1734	110	10	money	money	NOUN
framr-1734	110	11	in	in	ADP
framr-1734	110	12	nigeria	nigeria	PROPN
framr-1734	110	13	is	be	AUX
framr-1734	110	14	a	a	DET
framr-1734	110	15	function	function	NOUN
framr-1734	110	16	of	of	ADP
framr-1734	110	17	real	real	ADJ
framr-1734	110	18	gdp	gdp	NOUN
framr-1734	110	19	,	,	PUNCT
framr-1734	110	20	inflation	inflation	NOUN
framr-1734	110	21	rate	rate	NOUN
framr-1734	110	22	,	,	PUNCT
framr-1734	110	23	interbank	interbank	NOUN
framr-1734	110	24	lending	lending	NOUN
framr-1734	110	25	rate	rate	NOUN
framr-1734	110	26	,	,	PUNCT
framr-1734	110	27	monetary	monetary	ADJ
framr-1734	110	28	policy	policy	NOUN
framr-1734	110	29	rate	rate	NOUN
framr-1734	110	30	(	(	PUNCT
framr-1734	110	31	mpr	mpr	NOUN
framr-1734	110	32	)	)	PUNCT
framr-1734	110	33	,	,	PUNCT
framr-1734	110	34	federal	federal	ADJ
framr-1734	110	35	government	government	NOUN
framr-1734	110	36	treasury	treasury	PROPN
framr-1734	110	37	bill	bill	NOUN
framr-1734	110	38	rate	rate	NOUN
framr-1734	110	39	,	,	PUNCT
framr-1734	110	40	rate	rate	NOUN
framr-1734	110	41	on	on	ADP
framr-1734	110	42	savings	saving	NOUN
framr-1734	110	43	and	and	CCONJ
framr-1734	110	44	exchange	exchange	NOUN
framr-1734	110	45	rate	rate	NOUN
framr-1734	110	46	.	.	PUNCT
framr-1734	111	1	it	it	PRON
framr-1734	111	2	then	then	ADV
framr-1734	111	3	used	use	VERB
framr-1734	111	4	a	a	DET
framr-1734	111	5	linear	linear	ADJ
framr-1734	111	6	model	model	NOUN
framr-1734	111	7	of	of	ADP
framr-1734	111	8	the	the	DET
framr-1734	111	9	form	form	NOUN
framr-1734	111	10	in	in	ADP
framr-1734	111	11	equation	equation	NOUN
framr-1734	111	12	12	12	NUM
framr-1734	111	13	:	:	SYM
framr-1734	111	14	1	1	NUM
framr-1734	111	15	(	(	PUNCT
framr-1734	111	16	,	,	PUNCT
framr-1734	111	17	,	,	PUNCT
framr-1734	111	18	,	,	PUNCT
framr-1734	111	19	,	,	PUNCT
framr-1734	111	20	,	,	PUNCT
framr-1734	111	21	,	,	PUNCT
framr-1734	111	22	)	)	PUNCT
framr-1734	111	23	m	m	PROPN
framr-1734	111	24	f	f	PROPN
framr-1734	111	25	rgdp	rgdp	PROPN
framr-1734	111	26	infr	infr	PROPN
framr-1734	111	27	exr	exr	PROPN
framr-1734	111	28	tby	tby	PROPN
framr-1734	111	29	sdr	sdr	PROPN
framr-1734	111	30	ibr	ibr	PROPN
framr-1734	111	31	mpr	mpr	PROPN
framr-1734	111	32	(	(	PUNCT
framr-1734	111	33	12	12	NUM
framr-1734	111	34	)	)	PUNCT
framr-1734	111	35	where	where	SCONJ
framr-1734	111	36	m1	m1	NOUN
framr-1734	111	37	=	=	SYM
framr-1734	111	38	money	money	NOUN
framr-1734	111	39	stock	stock	NOUN
framr-1734	111	40	represented	represent	VERB
framr-1734	111	41	by	by	ADP
framr-1734	111	42	m1	m1	PROPN
framr-1734	111	43	.	.	PUNCT
framr-1734	112	1	rgdp	rgdp	PROPN
framr-1734	112	2	=	=	PROPN
framr-1734	112	3	real	real	PROPN
framr-1734	112	4	gdp	gdp	NOUN
framr-1734	112	5	.	.	PUNCT
framr-1734	113	1	infr	infr	PROPN
framr-1734	113	2	=	=	NOUN
framr-1734	113	3	inflation	inflation	NOUN
framr-1734	113	4	rate	rate	NOUN
framr-1734	113	5	.	.	PUNCT
framr-1734	114	1	exr	exr	PROPN
framr-1734	114	2	=	=	NOUN
framr-1734	114	3	exchange	exchange	NOUN
framr-1734	114	4	rate	rate	NOUN
framr-1734	114	5	.	.	PUNCT
framr-1734	115	1	tby	tby	NOUN
framr-1734	115	2	=	=	SYM
framr-1734	115	3	treasury	treasury	PROPN
framr-1734	115	4	bill	bill	NOUN
framr-1734	115	5	yield	yield	NOUN
framr-1734	115	6	.	.	PUNCT
framr-1734	116	1	sdr	sdr	X
framr-1734	117	1	=	=	NOUN
framr-1734	117	2	savings	saving	NOUN
framr-1734	117	3	deposit	deposit	NOUN
framr-1734	117	4	rate	rate	NOUN
framr-1734	117	5	.	.	PUNCT
framr-1734	118	1	ibr	ibr	PROPN
framr-1734	119	1	=	=	NOUN
framr-1734	119	2	interbank	interbank	NOUN
framr-1734	119	3	.	.	PUNCT
framr-1734	120	1	mpr	mpr	NOUN
framr-1734	120	2	=	=	SYM
framr-1734	120	3	monetary	monetary	ADJ
framr-1734	120	4	policy	policy	NOUN
framr-1734	120	5	rate	rate	NOUN
framr-1734	120	6	.	.	PUNCT
framr-1734	121	1	the	the	DET
framr-1734	121	2	model	model	NOUN
framr-1734	121	3	is	be	AUX
framr-1734	121	4	expanded	expand	VERB
framr-1734	121	5	in	in	ADP
framr-1734	121	6	the	the	DET
framr-1734	121	7	form	form	NOUN
framr-1734	121	8	(	(	PUNCT
framr-1734	121	9	shown	show	VERB
framr-1734	121	10	in	in	ADP
framr-1734	121	11	equation	equation	NOUN
framr-1734	121	12	13	13	NUM
framr-1734	121	13	):	):	PUNCT
framr-1734	121	14	0	0	NUM
framr-1734	121	15	1	1	NUM
framr-1734	121	16	2	2	NUM
framr-1734	121	17	3	3	NUM
framr-1734	121	18	4	4	NUM
framr-1734	121	19	5	5	NUM
framr-1734	121	20	6	6	NUM
framr-1734	121	21	71	71	NUM
framr-1734	121	22	tm	tm	DET
framr-1734	121	23	rgdp	rgdp	PROPN
framr-1734	121	24	infr	infr	PROPN
framr-1734	121	25	exr	exr	PROPN
framr-1734	121	26	tby	tby	PROPN
framr-1734	121	27	sdr	sdr	PROPN
framr-1734	121	28	ibr	ibr	PROPN
framr-1734	121	29	mpr	mpr	PROPN
framr-1734	121	30			PROPN
framr-1734	121	31			PROPN
framr-1734	121	32			PROPN
framr-1734	121	33			PROPN
framr-1734	121	34			PROPN
framr-1734	121	35			PROPN
framr-1734	121	36			PROPN
framr-1734	121	37			PROPN
framr-1734	121	38			ADV
framr-1734	121	39			VERB
framr-1734	121	40			PROPN
framr-1734	121	41			PROPN
framr-1734	121	42			PROPN
framr-1734	121	43			PROPN
framr-1734	121	44			PUNCT
framr-1734	121	45			X
framr-1734	121	46	(	(	PUNCT
framr-1734	121	47	13	13	NUM
framr-1734	121	48	)	)	PUNCT
framr-1734	121	49	where	where	SCONJ
framr-1734	121	50	is	be	AUX
framr-1734	121	51	the	the	DET
framr-1734	121	52	error	error	NOUN
framr-1734	121	53	term	term	NOUN
framr-1734	121	54	.	.	PUNCT
framr-1734	122	1	note	note	VERB
framr-1734	122	2	that	that	SCONJ
framr-1734	122	3	m1	m1	NOUN
framr-1734	122	4	,	,	PUNCT
framr-1734	122	5	rgdp	rgdp	PROPN
framr-1734	122	6	,	,	PUNCT
framr-1734	122	7	and	and	CCONJ
framr-1734	122	8	tby	tby	NOUN
framr-1734	122	9	are	be	AUX
framr-1734	122	10	in	in	ADP
framr-1734	122	11	initially	initially	ADV
framr-1734	122	12	naira	naira	NUM
framr-1734	122	13	form	form	NOUN
framr-1734	122	14	and	and	CCONJ
framr-1734	122	15	are	be	AUX
framr-1734	122	16	converted	convert	VERB
framr-1734	122	17	to	to	ADP
framr-1734	122	18	their	their	PRON
framr-1734	122	19	logarithmic	logarithmic	ADJ
framr-1734	122	20	forms	form	NOUN
framr-1734	122	21	.	.	PUNCT
framr-1734	123	1	using	use	VERB
framr-1734	123	2	a	a	DET
framr-1734	123	3	log	log	NOUN
framr-1734	123	4	model	model	NOUN
framr-1734	123	5	,	,	PUNCT
framr-1734	123	6	functional	functional	ADJ
framr-1734	123	7	form	form	NOUN
framr-1734	123	8	money	money	NOUN
framr-1734	123	9	demand	demand	NOUN
framr-1734	123	10	equation	equation	NOUN
framr-1734	123	11	14	14	NUM
framr-1734	123	12	now	now	ADV
framr-1734	123	13	becomes	become	VERB
framr-1734	123	14	:	:	PUNCT
framr-1734	123	15	0	0	NUM
framr-1734	123	16	1	1	NUM
framr-1734	123	17	2	2	NUM
framr-1734	123	18	3	3	NUM
framr-1734	123	19	4	4	NUM
framr-1734	123	20	5	5	NUM
framr-1734	123	21	6	6	NUM
framr-1734	123	22	7ln	7ln	ADJ
framr-1734	123	23	1	1	NUM
framr-1734	123	24	ln	ln	NOUN
framr-1734	123	25	ln	ln	ADV
framr-1734	123	26	tm	tm	PRON
framr-1734	123	27	rgdp	rgdp	PROPN
framr-1734	123	28	infr	infr	PROPN
framr-1734	123	29	exr	exr	PROPN
framr-1734	123	30	tby	tby	PROPN
framr-1734	123	31	sdr	sdr	PROPN
framr-1734	123	32	ibr	ibr	PROPN
framr-1734	123	33	mpr	mpr	PROPN
framr-1734	123	34			PROPN
framr-1734	123	35			PROPN
framr-1734	123	36			PROPN
framr-1734	123	37			PROPN
framr-1734	123	38			PROPN
framr-1734	123	39			PROPN
framr-1734	123	40			PROPN
framr-1734	123	41			PROPN
framr-1734	123	42			ADV
framr-1734	123	43			VERB
framr-1734	123	44			PROPN
framr-1734	123	45			PROPN
framr-1734	123	46			PROPN
framr-1734	123	47			PROPN
framr-1734	123	48			PUNCT
framr-1734	123	49			X
framr-1734	123	50	(	(	PUNCT
framr-1734	123	51	14	14	NUM
framr-1734	123	52	)	)	PUNCT
framr-1734	123	53	note	note	NOUN
framr-1734	123	54	that	that	SCONJ
framr-1734	123	55	real	real	ADJ
framr-1734	123	56	gdp	gdp	NOUN
framr-1734	123	57	(	(	PUNCT
framr-1734	123	58	y	y	NOUN
framr-1734	123	59	)	)	PUNCT
framr-1734	123	60	is	be	AUX
framr-1734	123	61	obtained	obtain	VERB
framr-1734	123	62	after	after	ADP
framr-1734	123	63	deflating	deflate	VERB
framr-1734	123	64	by	by	ADP
framr-1734	123	65	the	the	DET
framr-1734	123	66	consumer	consumer	NOUN
framr-1734	123	67	price	price	NOUN
framr-1734	123	68	index	index	NOUN
framr-1734	123	69	(	(	PUNCT
framr-1734	123	70	cpi	cpi	PROPN
framr-1734	123	71	)	)	PUNCT
framr-1734	123	72	the	the	DET
framr-1734	123	73	ols	ol	NOUN
framr-1734	123	74	model	model	NOUN
framr-1734	123	75	has	have	AUX
framr-1734	123	76	proved	prove	VERB
framr-1734	123	77	to	to	PART
framr-1734	123	78	be	be	AUX
framr-1734	123	79	a	a	DET
framr-1734	123	80	reliable	reliable	ADJ
framr-1734	123	81	estimation	estimation	NOUN
framr-1734	123	82	technique	technique	NOUN
framr-1734	123	83	for	for	ADP
framr-1734	123	84	many	many	ADJ
framr-1734	123	85	types	type	NOUN
framr-1734	123	86	of	of	ADP
framr-1734	123	87	linear	linear	ADJ
framr-1734	123	88	models	model	NOUN
framr-1734	123	89	.	.	PUNCT
framr-1734	124	1	it	it	PRON
framr-1734	124	2	is	be	AUX
framr-1734	124	3	particularly	particularly	ADV
framr-1734	124	4	suited	suit	VERB
framr-1734	124	5	for	for	ADP
framr-1734	124	6	many	many	ADJ
framr-1734	124	7	economic	economic	ADJ
framr-1734	124	8	variables	variable	NOUN
framr-1734	124	9	because	because	SCONJ
framr-1734	124	10	economic	economic	ADJ
framr-1734	124	11	variables	variable	NOUN
framr-1734	124	12	are	be	AUX
framr-1734	124	13	inherently	inherently	ADV
framr-1734	124	14	linear	linear	ADJ
framr-1734	124	15	especially	especially	ADV
framr-1734	124	16	over	over	ADP
framr-1734	124	17	a	a	DET
framr-1734	124	18	short	short	ADJ
framr-1734	124	19	range	range	NOUN
framr-1734	124	20	.	.	PUNCT
framr-1734	125	1	in	in	ADP
framr-1734	125	2	the	the	DET
framr-1734	125	3	class	class	NOUN
framr-1734	125	4	of	of	ADP
framr-1734	125	5	estimators	estimator	NOUN
framr-1734	125	6	,	,	PUNCT
framr-1734	125	7	ols	ol	NOUN
framr-1734	125	8	estimates	estimate	NOUN
framr-1734	125	9	are	be	AUX
framr-1734	125	10	the	the	DET
framr-1734	125	11	best	good	ADJ
framr-1734	125	12	linear	linear	ADJ
framr-1734	125	13	unbiased	unbiased	ADJ
framr-1734	125	14	linear	linear	ADJ
framr-1734	125	15	estimators	estimator	NOUN
framr-1734	125	16	.	.	PUNCT
framr-1734	126	1	that	that	PRON
framr-1734	126	2	is	is	ADV
framr-1734	126	3	,	,	PUNCT
framr-1734	126	4	the	the	DET
framr-1734	126	5	estimates	estimate	NOUN
framr-1734	126	6	of	of	ADP
framr-1734	126	7	the	the	DET
framr-1734	126	8	population	population	NOUN
framr-1734	126	9	parameters	parameter	NOUN
framr-1734	126	10	computed	compute	VERB
framr-1734	126	11	from	from	ADP
framr-1734	126	12	linear	linear	ADJ
framr-1734	126	13	least	least	ADJ
framr-1734	126	14	squares	square	NOUN
framr-1734	126	15	regression	regression	NOUN
framr-1734	126	16	are	be	AUX
framr-1734	126	17	the	the	DET
framr-1734	126	18	most	most	ADV
framr-1734	126	19	optimal	optimal	ADJ
framr-1734	126	20	estimates	estimate	NOUN
framr-1734	126	21	;	;	PUNCT
framr-1734	126	22	and	and	CCONJ
framr-1734	126	23	,	,	PUNCT
framr-1734	126	24	it	it	PRON
framr-1734	126	25	is	be	AUX
framr-1734	126	26	relatively	relatively	ADV
framr-1734	126	27	easy	easy	ADJ
framr-1734	126	28	to	to	PART
framr-1734	126	29	use	use	VERB
framr-1734	126	30	.	.	PUNCT
framr-1734	127	1	expectedly	expectedly	ADV
framr-1734	127	2	,	,	PUNCT
framr-1734	127	3	given	give	VERB
framr-1734	127	4	the	the	DET
framr-1734	127	5	different	different	ADJ
framr-1734	127	6	theoretical	theoretical	ADJ
framr-1734	127	7	and	and	CCONJ
framr-1734	127	8	empirical	empirical	ADJ
framr-1734	127	9	works	work	NOUN
framr-1734	127	10	on	on	ADP
framr-1734	127	11	the	the	DET
framr-1734	127	12	subject	subject	NOUN
framr-1734	127	13	of	of	ADP
framr-1734	127	14	demand	demand	NOUN
framr-1734	127	15	for	for	ADP
framr-1734	127	16	money	money	NOUN
framr-1734	127	17	,	,	PUNCT
framr-1734	127	18	it	it	PRON
framr-1734	127	19	is	be	AUX
framr-1734	127	20	expected	expect	VERB
framr-1734	127	21	that	that	SCONJ
framr-1734	127	22	the	the	DET
framr-1734	127	23	coefficient	coefficient	NOUN
framr-1734	127	24	of	of	ADP
framr-1734	127	25	income	income	NOUN
framr-1734	127	26	(	(	PUNCT
framr-1734	127	27	gdp	gdp	NOUN
framr-1734	127	28	)	)	PUNCT
framr-1734	127	29	will	will	AUX
framr-1734	127	30	be	be	AUX
framr-1734	127	31	positive	positive	ADJ
framr-1734	127	32	,	,	PUNCT
framr-1734	127	33	while	while	SCONJ
framr-1734	127	34	coefficients	coefficient	NOUN
framr-1734	127	35	of	of	ADP
framr-1734	127	36	savings	saving	NOUN
framr-1734	127	37	and	and	CCONJ
framr-1734	127	38	treasury	treasury	PROPN
framr-1734	127	39	bill	bill	NOUN
framr-1734	127	40	yield	yield	NOUN
framr-1734	127	41	will	will	AUX
framr-1734	127	42	be	be	AUX
framr-1734	127	43	negative	negative	ADJ
framr-1734	127	44	.	.	PUNCT
framr-1734	128	1	for	for	ADP
framr-1734	128	2	inflation	inflation	NOUN
framr-1734	128	3	and	and	CCONJ
framr-1734	128	4	exchange	exchange	NOUN
framr-1734	128	5	rate	rate	NOUN
framr-1734	128	6	,	,	PUNCT
framr-1734	128	7	their	their	PRON
framr-1734	128	8	coefficient	coefficient	NOUN
framr-1734	128	9	could	could	AUX
framr-1734	128	10	either	either	CCONJ
framr-1734	128	11	take	take	VERB
framr-1734	128	12	a	a	DET
framr-1734	128	13	negative	negative	ADJ
framr-1734	128	14	or	or	CCONJ
framr-1734	128	15	a	a	DET
framr-1734	128	16	positive	positive	ADJ
framr-1734	128	17	form	form	NOUN
framr-1734	128	18	depending	depend	VERB
framr-1734	128	19	on	on	ADP
framr-1734	128	20	the	the	DET
framr-1734	128	21	dominant	dominant	ADJ
framr-1734	128	22	behaviour	behaviour	NOUN
framr-1734	128	23	of	of	ADP
framr-1734	128	24	economic	economic	ADJ
framr-1734	128	25	units	unit	NOUN
framr-1734	128	26	.	.	PUNCT
framr-1734	129	1	for	for	ADP
framr-1734	129	2	interbank	interbank	NOUN
framr-1734	129	3	rate	rate	NOUN
framr-1734	129	4	,	,	PUNCT
framr-1734	129	5	the	the	DET
framr-1734	129	6	tendency	tendency	NOUN
framr-1734	129	7	is	be	AUX
framr-1734	129	8	for	for	SCONJ
framr-1734	129	9	it	it	PRON
framr-1734	129	10	to	to	PART
framr-1734	129	11	be	be	AUX
framr-1734	129	12	negatively	negatively	ADV
framr-1734	129	13	correlated	correlate	VERB
framr-1734	129	14	with	with	ADP
framr-1734	129	15	demand	demand	NOUN
framr-1734	129	16	for	for	ADP
framr-1734	129	17	money	money	NOUN
framr-1734	129	18	.	.	PUNCT
framr-1734	130	1	further	far	ADV
framr-1734	130	2	,	,	PUNCT
framr-1734	130	3	it	it	PRON
framr-1734	130	4	should	should	AUX
framr-1734	130	5	be	be	AUX
framr-1734	130	6	noted	note	VERB
framr-1734	130	7	that	that	SCONJ
framr-1734	130	8	narrow	narrow	ADJ
framr-1734	130	9	money	money	NOUN
framr-1734	130	10	(	(	PUNCT
framr-1734	130	11	m1	m1	NOUN
framr-1734	130	12	)	)	PUNCT
framr-1734	130	13	is	be	AUX
framr-1734	130	14	the	the	DET
framr-1734	130	15	stock	stock	NOUN
framr-1734	130	16	of	of	ADP
framr-1734	130	17	currency	currency	NOUN
framr-1734	130	18	in	in	ADP
framr-1734	130	19	circulation	circulation	NOUN
framr-1734	130	20	(	(	PUNCT
framr-1734	130	21	c	c	NOUN
framr-1734	130	22	)	)	PUNCT
framr-1734	130	23	plus	plus	CCONJ
framr-1734	130	24	demand	demand	NOUN
framr-1734	130	25	deposits	deposit	NOUN
framr-1734	130	26	(	(	PUNCT
framr-1734	130	27	d	d	NOUN
framr-1734	130	28	)	)	PUNCT
framr-1734	130	29	.	.	PUNCT
framr-1734	131	1	that	that	PRON
framr-1734	131	2	is	be	AUX
framr-1734	131	3	,	,	PUNCT
framr-1734	131	4	m1	m1	PROPN
framr-1734	131	5	=	=	SYM
framr-1734	131	6	c+d	c+d	PROPN
framr-1734	131	7	.	.	PUNCT
framr-1734	132	1	this	this	PRON
framr-1734	132	2	is	be	AUX
framr-1734	132	3	distinct	distinct	ADJ
framr-1734	132	4	from	from	ADP
framr-1734	132	5	broad	broad	ADJ
framr-1734	132	6	money	money	NOUN
framr-1734	132	7	given	give	VERB
framr-1734	132	8	as	as	SCONJ
framr-1734	132	9	is	be	AUX
framr-1734	132	10	the	the	DET
framr-1734	132	11	stock	stock	NOUN
framr-1734	132	12	of	of	ADP
framr-1734	132	13	narrow	narrow	ADJ
framr-1734	132	14	money	money	NOUN
framr-1734	132	15	(	(	PUNCT
framr-1734	132	16	m1	m1	NOUN
framr-1734	132	17	)	)	PUNCT
framr-1734	132	18	as	as	ADV
framr-1734	132	19	well	well	ADV
framr-1734	132	20	as	as	ADP
framr-1734	132	21	time	time	NOUN
framr-1734	132	22	,	,	PUNCT
framr-1734	132	23	savings	saving	NOUN
framr-1734	132	24	and	and	CCONJ
framr-1734	132	25	foreign	foreign	ADJ
framr-1734	132	26	currency	currency	NOUN
framr-1734	132	27	deposits	deposit	NOUN
framr-1734	132	28	with	with	ADP
framr-1734	132	29	banks	bank	NOUN
framr-1734	132	30	.	.	PUNCT
framr-1734	133	1	it	it	PRON
framr-1734	133	2	is	be	AUX
framr-1734	133	3	given	give	VERB
framr-1734	133	4	as	as	SCONJ
framr-1734	133	5	real	real	ADJ
framr-1734	133	6	gdp	gdp	NOUN
framr-1734	133	7	is	be	AUX
framr-1734	133	8	a	a	DET
framr-1734	133	9	measure	measure	NOUN
framr-1734	133	10	of	of	ADP
framr-1734	133	11	a	a	DET
framr-1734	133	12	country	country	NOUN
framr-1734	133	13	’s	’s	PART
framr-1734	133	14	economic	economic	ADJ
framr-1734	133	15	output	output	NOUN
framr-1734	133	16	deflated	deflate	VERB
framr-1734	133	17	by	by	ADP
framr-1734	133	18	the	the	DET
framr-1734	133	19	country	country	NOUN
framr-1734	133	20	’s	’s	PART
framr-1734	133	21	consumer	consumer	NOUN
framr-1734	133	22	price	price	NOUN
framr-1734	133	23	level	level	NOUN
framr-1734	133	24	(	(	PUNCT
framr-1734	133	25	cpi	cpi	NOUN
framr-1734	133	26	)	)	PUNCT
framr-1734	133	27	index	index	NOUN
framr-1734	133	28	.	.	PUNCT
framr-1734	134	1	in	in	ADP
framr-1734	134	2	the	the	DET
framr-1734	134	3	money	money	NOUN
framr-1734	134	4	demand	demand	NOUN
framr-1734	134	5	function	function	NOUN
framr-1734	134	6	,	,	PUNCT
framr-1734	134	7	real	real	ADJ
framr-1734	134	8	gdp	gdp	NOUN
framr-1734	134	9	is	be	AUX
framr-1734	134	10	a	a	DET
framr-1734	134	11	proxy	proxy	NOUN
framr-1734	134	12	for	for	ADP
framr-1734	134	13	wealth	wealth	NOUN
framr-1734	134	14	.	.	PUNCT
framr-1734	135	1	the	the	DET
framr-1734	135	2	exchange	exchange	NOUN
framr-1734	135	3	rate	rate	NOUN
framr-1734	135	4	is	be	AUX
framr-1734	135	5	the	the	DET
framr-1734	135	6	rate	rate	NOUN
framr-1734	135	7	of	of	ADP
framr-1734	135	8	conversion	conversion	NOUN
framr-1734	135	9	of	of	ADP
framr-1734	135	10	naira	naira	ADJ
framr-1734	135	11	cash	cash	NOUN
framr-1734	135	12	assets	asset	NOUN
framr-1734	135	13	to	to	PART
framr-1734	135	14	dollar	dollar	VERB
framr-1734	135	15	denominated	denominate	VERB
framr-1734	135	16	cash	cash	NOUN
framr-1734	135	17	assets	asset	NOUN
framr-1734	135	18	.	.	PUNCT
framr-1734	136	1	that	that	ADV
framr-1734	136	2	is	be	AUX
framr-1734	136	3	,	,	PUNCT
framr-1734	136	4	the	the	DET
framr-1734	136	5	naira	naira	NOUN
framr-1734	136	6	-	-	PUNCT
framr-1734	136	7	to	to	ADP
framr-1734	136	8	-	-	PUNCT
framr-1734	136	9	dollar	dollar	NOUN
framr-1734	136	10	exchange	exchange	NOUN
framr-1734	136	11	rate	rate	NOUN
framr-1734	136	12	.	.	PUNCT
framr-1734	137	1	it	it	PRON
framr-1734	137	2	serves	serve	VERB
framr-1734	137	3	as	as	ADP
framr-1734	137	4	a	a	DET
framr-1734	137	5	proxy	proxy	NOUN
framr-1734	137	6	for	for	ADP
framr-1734	137	7	an	an	DET
framr-1734	137	8	alternate	alternate	ADJ
framr-1734	137	9	form	form	NOUN
framr-1734	137	10	of	of	ADP
framr-1734	137	11	cash	cash	NOUN
framr-1734	137	12	assets	asset	NOUN
framr-1734	137	13	to	to	PART
framr-1734	137	14	naira	naira	VERB
framr-1734	137	15	cash	cash	NOUN
framr-1734	137	16	assets	asset	NOUN
framr-1734	137	17	.	.	PUNCT
framr-1734	138	1	inflation	inflation	NOUN
framr-1734	138	2	measures	measure	VERB
framr-1734	138	3	the	the	DET
framr-1734	138	4	general	general	ADJ
framr-1734	138	5	level	level	NOUN
framr-1734	138	6	of	of	ADP
framr-1734	138	7	increase	increase	NOUN
framr-1734	138	8	in	in	ADP
framr-1734	138	9	the	the	DET
framr-1734	138	10	financial	financial	ADJ
framr-1734	138	11	risk	risk	NOUN
framr-1734	138	12	and	and	CCONJ
framr-1734	138	13	management	management	NOUN
framr-1734	138	14	reviews	review	NOUN
framr-1734	138	15	,	,	PUNCT
framr-1734	138	16	2020	2020	NUM
framr-1734	138	17	,	,	PUNCT
framr-1734	138	18	6(1	6(1	NUM
framr-1734	138	19	):	):	PUNCT
framr-1734	138	20	1	1	NUM
framr-1734	138	21	-	-	SYM
framr-1734	138	22	13	13	NUM
framr-1734	138	23	7	7	NUM
framr-1734	138	24	©	©	PROPN
framr-1734	138	25	2020	2020	NUM
framr-1734	138	26	conscientia	conscientia	PROPN
framr-1734	138	27	beam	beam	PROPN
framr-1734	138	28	.	.	PUNCT
framr-1734	139	1	all	all	DET
framr-1734	139	2	rights	right	NOUN
framr-1734	139	3	reserved	reserve	VERB
framr-1734	139	4	.	.	PUNCT
framr-1734	140	1	prices	price	NOUN
framr-1734	140	2	of	of	ADP
framr-1734	140	3	goods	good	NOUN
framr-1734	140	4	and	and	CCONJ
framr-1734	140	5	services	service	NOUN
framr-1734	140	6	in	in	ADP
framr-1734	140	7	an	an	DET
framr-1734	140	8	economy	economy	NOUN
framr-1734	140	9	over	over	ADP
framr-1734	140	10	a	a	DET
framr-1734	140	11	given	give	VERB
framr-1734	140	12	period	period	NOUN
framr-1734	140	13	and	and	CCONJ
framr-1734	140	14	it	it	PRON
framr-1734	140	15	proxies	proxie	VERB
framr-1734	140	16	the	the	DET
framr-1734	140	17	reduction	reduction	NOUN
framr-1734	140	18	in	in	ADP
framr-1734	140	19	money	money	NOUN
framr-1734	140	20	value	value	NOUN
framr-1734	140	21	.	.	PUNCT
framr-1734	141	1	interest	interest	NOUN
framr-1734	141	2	rate	rate	NOUN
framr-1734	141	3	:	:	PUNCT
framr-1734	141	4	this	this	PRON
framr-1734	141	5	is	be	AUX
framr-1734	141	6	cost	cost	NOUN
framr-1734	141	7	of	of	ADP
framr-1734	141	8	borrowing	borrow	VERB
framr-1734	141	9	money	money	NOUN
framr-1734	141	10	,	,	PUNCT
framr-1734	141	11	or	or	CCONJ
framr-1734	141	12	conversely	conversely	ADV
framr-1734	141	13	,	,	PUNCT
framr-1734	141	14	the	the	DET
framr-1734	141	15	income	income	NOUN
framr-1734	141	16	earned	earn	VERB
framr-1734	141	17	from	from	ADP
framr-1734	141	18	lending	lend	VERB
framr-1734	141	19	money	money	NOUN
framr-1734	141	20	.	.	PUNCT
framr-1734	142	1	it	it	PRON
framr-1734	142	2	is	be	AUX
framr-1734	142	3	can	can	AUX
framr-1734	142	4	also	also	ADV
framr-1734	142	5	refer	refer	VERB
framr-1734	142	6	to	to	ADP
framr-1734	142	7	the	the	DET
framr-1734	142	8	return	return	NOUN
framr-1734	142	9	or	or	CCONJ
framr-1734	142	10	yield	yield	VERB
framr-1734	142	11	on	on	ADP
framr-1734	142	12	bond	bond	NOUN
framr-1734	142	13	or	or	CCONJ
framr-1734	142	14	opportunity	opportunity	NOUN
framr-1734	142	15	cost	cost	NOUN
framr-1734	142	16	of	of	ADP
framr-1734	142	17	deferring	defer	VERB
framr-1734	142	18	current	current	ADJ
framr-1734	142	19	consumption	consumption	NOUN
framr-1734	142	20	into	into	ADP
framr-1734	142	21	the	the	DET
framr-1734	142	22	future	future	NOUN
framr-1734	142	23	.	.	PUNCT
framr-1734	143	1	it	it	PRON
framr-1734	143	2	represents	represent	VERB
framr-1734	143	3	the	the	DET
framr-1734	143	4	speculative	speculative	ADJ
framr-1734	143	5	motive	motive	NOUN
framr-1734	143	6	and	and	CCONJ
framr-1734	143	7	it	it	PRON
framr-1734	143	8	’s	’s	AUX
framr-1734	143	9	proxied	proxie	VERB
framr-1734	143	10	,	,	PUNCT
framr-1734	143	11	in	in	ADP
framr-1734	143	12	the	the	DET
framr-1734	143	13	model	model	NOUN
framr-1734	143	14	,	,	PUNCT
framr-1734	143	15	by	by	ADP
framr-1734	143	16	interest	interest	NOUN
framr-1734	143	17	rate	rate	NOUN
framr-1734	143	18	on	on	ADP
framr-1734	143	19	deposit	deposit	NOUN
framr-1734	143	20	,	,	PUNCT
framr-1734	143	21	monetary	monetary	ADJ
framr-1734	143	22	policy	policy	NOUN
framr-1734	143	23	rate	rate	NOUN
framr-1734	143	24	,	,	PUNCT
framr-1734	143	25	treasury	treasury	PROPN
framr-1734	143	26	bill	bill	NOUN
framr-1734	143	27	yield	yield	NOUN
framr-1734	143	28	and	and	CCONJ
framr-1734	143	29	interbank	interbank	NOUN
framr-1734	143	30	lending	lending	NOUN
framr-1734	143	31	rate	rate	NOUN
framr-1734	143	32	.	.	PUNCT
framr-1734	144	1	monetary	monetary	ADJ
framr-1734	144	2	policy	policy	NOUN
framr-1734	144	3	rate	rate	NOUN
framr-1734	144	4	(	(	PUNCT
framr-1734	144	5	mpr	mpr	NOUN
framr-1734	144	6	)	)	PUNCT
framr-1734	144	7	is	be	AUX
framr-1734	144	8	the	the	DET
framr-1734	144	9	anchor	anchor	NOUN
framr-1734	144	10	rate	rate	NOUN
framr-1734	144	11	set	set	VERB
framr-1734	144	12	by	by	ADP
framr-1734	144	13	the	the	DET
framr-1734	144	14	central	central	ADJ
framr-1734	144	15	bank	bank	PROPN
framr-1734	144	16	of	of	ADP
framr-1734	144	17	nigeria	nigeria	PROPN
framr-1734	144	18	as	as	ADP
framr-1734	144	19	a	a	DET
framr-1734	144	20	reference	reference	NOUN
framr-1734	144	21	for	for	ADP
framr-1734	144	22	other	other	ADJ
framr-1734	144	23	rates	rate	NOUN
framr-1734	144	24	while	while	SCONJ
framr-1734	144	25	the	the	DET
framr-1734	144	26	treasury	treasury	PROPN
framr-1734	144	27	bill	bill	NOUN
framr-1734	144	28	yield	yield	NOUN
framr-1734	144	29	:	:	PUNCT
framr-1734	144	30	the	the	DET
framr-1734	144	31	yield	yield	NOUN
framr-1734	144	32	on	on	ADP
framr-1734	144	33	treasury	treasury	PROPN
framr-1734	144	34	bill	bill	NOUN
framr-1734	144	35	which	which	PRON
framr-1734	144	36	equates	equate	VERB
framr-1734	144	37	to	to	ADP
framr-1734	144	38	the	the	DET
framr-1734	144	39	return	return	NOUN
framr-1734	144	40	earned	earn	VERB
framr-1734	144	41	on	on	ADP
framr-1734	144	42	investing	invest	VERB
framr-1734	144	43	in	in	ADP
framr-1734	144	44	treasury	treasury	PROPN
framr-1734	144	45	bill	bill	NOUN
framr-1734	144	46	.	.	PUNCT
framr-1734	145	1	4	4	X
framr-1734	145	2	.	.	X
framr-1734	145	3	empirical	empirical	ADJ
framr-1734	145	4	results	result	NOUN
framr-1734	145	5	and	and	CCONJ
framr-1734	145	6	interpretation	interpretation	NOUN
framr-1734	145	7	4.1	4.1	NUM
framr-1734	145	8	.	.	PUNCT
framr-1734	145	9	graphical	graphical	ADJ
framr-1734	145	10	representation	representation	NOUN
framr-1734	145	11	of	of	ADP
framr-1734	145	12	money	money	NOUN
framr-1734	145	13	stock	stock	NOUN
framr-1734	145	14	(	(	PUNCT
framr-1734	145	15	m1	m1	NOUN
framr-1734	145	16	)	)	PUNCT
framr-1734	145	17	and	and	CCONJ
framr-1734	145	18	other	other	ADJ
framr-1734	145	19	variables	variable	NOUN
framr-1734	145	20	figure	figure	VERB
framr-1734	145	21	1	1	NUM
framr-1734	145	22	below	below	ADP
framr-1734	145	23	depicts	depict	VERB
framr-1734	145	24	graphical	graphical	ADJ
framr-1734	145	25	relationship	relationship	NOUN
framr-1734	145	26	among	among	ADP
framr-1734	145	27	the	the	DET
framr-1734	145	28	demand	demand	NOUN
framr-1734	145	29	for	for	ADP
framr-1734	145	30	money	money	NOUN
framr-1734	145	31	represented	represent	VERB
framr-1734	145	32	by	by	ADP
framr-1734	145	33	(	(	PUNCT
framr-1734	145	34	m	m	NOUN
framr-1734	145	35	)	)	PUNCT
framr-1734	145	36	and	and	CCONJ
framr-1734	145	37	the	the	DET
framr-1734	145	38	exogenous	exogenous	ADJ
framr-1734	145	39	variables	variable	NOUN
framr-1734	145	40	:	:	PUNCT
framr-1734	145	41	real	real	ADJ
framr-1734	145	42	gdp(y	gdp(y	PROPN
framr-1734	145	43	)	)	PUNCT
framr-1734	145	44	,	,	PUNCT
framr-1734	145	45	exchange	exchange	NOUN
framr-1734	145	46	rate	rate	NOUN
framr-1734	145	47	(	(	PUNCT
framr-1734	145	48	x	x	NOUN
framr-1734	145	49	)	)	PUNCT
framr-1734	145	50	,	,	PUNCT
framr-1734	145	51	inflation	inflation	NOUN
framr-1734	145	52	(	(	PUNCT
framr-1734	145	53	f	f	X
framr-1734	145	54	)	)	PUNCT
framr-1734	145	55	and	and	CCONJ
framr-1734	145	56	treasury	treasury	PROPN
framr-1734	145	57	bill	bill	NOUN
framr-1734	145	58	(	(	PUNCT
framr-1734	145	59	g	g	NOUN
framr-1734	145	60	)	)	PUNCT
framr-1734	145	61	,	,	PUNCT
framr-1734	145	62	savings	saving	NOUN
framr-1734	145	63	deposit	deposit	NOUN
framr-1734	145	64	rate	rate	NOUN
framr-1734	145	65	,	,	PUNCT
framr-1734	145	66	interbank	interbank	NOUN
framr-1734	145	67	rate	rate	NOUN
framr-1734	145	68	and	and	CCONJ
framr-1734	145	69	mpr	mpr	NOUN
framr-1734	145	70	(	(	PUNCT
framr-1734	145	71	p	p	NOUN
framr-1734	145	72	)	)	PUNCT
framr-1734	145	73	.	.	PUNCT
framr-1734	146	1	a	a	DET
framr-1734	146	2	visual	visual	ADJ
framr-1734	146	3	assessment	assessment	NOUN
framr-1734	146	4	of	of	ADP
framr-1734	146	5	the	the	DET
framr-1734	146	6	trends	trend	NOUN
framr-1734	146	7	as	as	SCONJ
framr-1734	146	8	shown	show	VERB
framr-1734	146	9	in	in	ADP
framr-1734	146	10	the	the	DET
framr-1734	146	11	figure	figure	NOUN
framr-1734	146	12	1	1	NUM
framr-1734	146	13	revealed	reveal	VERB
framr-1734	146	14	that	that	SCONJ
framr-1734	146	15	some	some	PRON
framr-1734	146	16	of	of	ADP
framr-1734	146	17	the	the	DET
framr-1734	146	18	variables	variable	NOUN
framr-1734	146	19	(	(	PUNCT
framr-1734	146	20	like	like	ADP
framr-1734	146	21	mpr	mpr	NOUN
framr-1734	146	22	and	and	CCONJ
framr-1734	146	23	interbank	interbank	NOUN
framr-1734	146	24	rate	rate	NOUN
framr-1734	146	25	)	)	PUNCT
framr-1734	146	26	do	do	AUX
framr-1734	146	27	not	not	PART
framr-1734	146	28	share	share	VERB
framr-1734	146	29	almost	almost	ADV
framr-1734	146	30	same	same	ADJ
framr-1734	146	31	appearance	appearance	NOUN
framr-1734	146	32	as	as	ADP
framr-1734	146	33	the	the	DET
framr-1734	146	34	trend	trend	NOUN
framr-1734	146	35	of	of	ADP
framr-1734	146	36	the	the	DET
framr-1734	146	37	dependent	dependent	ADJ
framr-1734	146	38	variable	variable	NOUN
framr-1734	146	39	(	(	PUNCT
framr-1734	146	40	m1	m1	NOUN
framr-1734	146	41	)	)	PUNCT
framr-1734	146	42	.	.	PUNCT
framr-1734	147	1	there	there	PRON
framr-1734	147	2	is	be	VERB
framr-1734	147	3	an	an	DET
framr-1734	147	4	apparent	apparent	ADJ
framr-1734	147	5	close	close	ADJ
framr-1734	147	6	movement	movement	NOUN
framr-1734	147	7	between	between	ADP
framr-1734	147	8	m1	m1	PROPN
framr-1734	147	9	and	and	CCONJ
framr-1734	147	10	real	real	ADJ
framr-1734	147	11	gdp	gdp	PROPN
framr-1734	147	12	.	.	PUNCT
framr-1734	148	1	figure-1	figure-1	PROPN
framr-1734	148	2	.	.	PUNCT
framr-1734	149	1	graphical	graphical	ADJ
framr-1734	149	2	illustrations	illustration	NOUN
framr-1734	149	3	of	of	ADP
framr-1734	149	4	m1	m1	PROPN
framr-1734	149	5	and	and	CCONJ
framr-1734	149	6	other	other	ADJ
framr-1734	149	7	variables	variable	NOUN
framr-1734	149	8	.	.	PUNCT
framr-1734	150	1	table-1	table-1	NUM
framr-1734	150	2	.	.	PUNCT
framr-1734	150	3	augmented	augment	VERB
framr-1734	150	4	dickeyfuller	dickeyfuller	NOUN
framr-1734	150	5	test	test	NOUN
framr-1734	150	6	results	result	NOUN
framr-1734	150	7	.	.	PUNCT
framr-1734	151	1	variable	variable	ADJ
framr-1734	151	2	order	order	NOUN
framr-1734	151	3	of	of	ADP
framr-1734	151	4	integration	integration	NOUN
framr-1734	151	5	t	t	PROPN
framr-1734	151	6	-	-	PUNCT
framr-1734	151	7	adf	adf	PROPN
framr-1734	151	8	prob	prob	NOUN
framr-1734	151	9	*	*	PROPN
framr-1734	151	10	1	1	NUM
framr-1734	151	11	%	%	NOUN
framr-1734	151	12	cv	cv	NOUN
framr-1734	151	13	5	5	NUM
framr-1734	151	14	%	%	NOUN
framr-1734	151	15	cv	cv	NOUN
framr-1734	151	16	10	10	NUM
framr-1734	151	17	%	%	NOUN
framr-1734	151	18	cv	cv	PROPN
framr-1734	151	19	m1	m1	PROPN
framr-1734	151	20	i(1	i(1	PROPN
framr-1734	151	21	)	)	PUNCT
framr-1734	151	22	-4.113684	-4.113684	NOUN
framr-1734	152	1	0.0000	0.0000	NUM
framr-1734	152	2	-3.584743	-3.584743	NOUN
framr-1734	152	3	-2.928142	-2.928142	PROPN
framr-1734	152	4	-2602225	-2602225	PROPN
framr-1734	153	1	rgdp	rgdp	PROPN
framr-1734	153	2	i(0	i(0	PROPN
framr-1734	153	3	)	)	PUNCT
framr-1734	153	4	-5.615693	-5.615693	NOUN
framr-1734	153	5	0.0000	0.0000	NUM
framr-1734	153	6	-3.565430	-3.565430	PROPN
framr-1734	153	7	-2.919952	-2.919952	NOUN
framr-1734	153	8	-2.597905	-2.597905	VERB
framr-1734	153	9	exr	exr	PROPN
framr-1734	153	10	i(0	i(0	PROPN
framr-1734	153	11	)	)	PUNCT
framr-1734	153	12	-4.685323	-4.685323	NOUN
framr-1734	154	1	0.0000	0.0000	NUM
framr-1734	154	2	-3.565430	-3.565430	PROPN
framr-1734	154	3	-2.919952	-2.919952	NOUN
framr-1734	154	4	-2.597905	-2.597905	VERB
framr-1734	154	5	inf	inf	PROPN
framr-1734	154	6	i(1	i(1	PROPN
framr-1734	154	7	)	)	PUNCT
framr-1734	154	8	-10.77550	-10.77550	PUNCT
framr-1734	155	1	0.0000	0.0000	NUM
framr-1734	155	2	-3.568308	-3.568308	NOUN
framr-1734	155	3	-2.921175	-2.921175	NOUN
framr-1734	155	4	-2.598551	-2.598551	PROPN
framr-1734	155	5	intr	intr	PROPN
framr-1734	155	6	i(0	i(0	PROPN
framr-1734	155	7	)	)	PUNCT
framr-1734	155	8	-7.529088	-7.529088	NOUN
framr-1734	156	1	0.0000	0.0000	NUM
framr-1734	156	2	-3.565430	-3.565430	PROPN
framr-1734	156	3	-2.919952	-2.919952	NOUN
framr-1734	156	4	-2.597905	-2.597905	VERB
framr-1734	156	5	mpr	mpr	PROPN
framr-1734	156	6	i(1	i(1	PROPN
framr-1734	156	7	)	)	PUNCT
framr-1734	156	8	-6.253837	-6.253837	NOUN
framr-1734	157	1	0.0000	0.0000	NUM
framr-1734	157	2	-3.568308	-3.568308	NOUN
framr-1734	157	3	-2.921175	-2.921175	PROPN
framr-1734	157	4	-2.598551	-2.598551	PROPN
framr-1734	158	1	sdr	sdr	PROPN
framr-1734	158	2	i(1	i(1	PROPN
framr-1734	158	3	)	)	PUNCT
framr-1734	158	4	-6.345020	-6.345020	VERB
framr-1734	158	5	0.0000	0.0000	NUM
framr-1734	158	6	-3.568308	-3.568308	NOUN
framr-1734	158	7	-2.921175	-2.921175	PROPN
framr-1734	158	8	-2.598551	-2.598551	PROPN
framr-1734	159	1	tby	tby	PROPN
framr-1734	159	2	i(1	i(1	PROPN
framr-1734	159	3	)	)	PUNCT
framr-1734	160	1	-5.898709	-5.898709	NOUN
framr-1734	161	1	0.0000	0.0000	NUM
framr-1734	161	2	-3.568308	-3.568308	NOUN
framr-1734	161	3	-2.921175	-2.921175	PROPN
framr-1734	161	4	-2.598551	-2.598551	PROPN
framr-1734	161	5	phillip	phillip	PROPN
framr-1734	161	6	-	-	PUNCT
framr-1734	161	7	perron	perron	PROPN
framr-1734	161	8	test	test	NOUN
framr-1734	161	9	results	result	NOUN
framr-1734	161	10	m1	m1	PROPN
framr-1734	161	11	i(1	i(1	PROPN
framr-1734	161	12	)	)	PUNCT
framr-1734	161	13	-7.670905	-7.670905	VERB
framr-1734	161	14	0.0000	0.0000	NUM
framr-1734	161	15	-3.568308	-3.568308	NOUN
framr-1734	161	16	-2.921175	-2.921175	PROPN
framr-1734	161	17	-2.598551	-2.598551	PROPN
framr-1734	162	1	rgdp	rgdp	PROPN
framr-1734	162	2	i(0	i(0	PROPN
framr-1734	162	3	)	)	PUNCT
framr-1734	162	4	-5.615693	-5.615693	NOUN
framr-1734	162	5	0.0000	0.0000	NUM
framr-1734	162	6	-3.565430	-3.565430	PROPN
framr-1734	162	7	-2.919952	-2.919952	NOUN
framr-1734	162	8	-2.597905	-2.597905	VERB
framr-1734	162	9	exr	exr	PROPN
framr-1734	162	10	i(0	i(0	PROPN
framr-1734	162	11	)	)	PUNCT
framr-1734	162	12	81965.80	81965.80	NUM
framr-1734	162	13	0.0000	0.0000	NUM
framr-1734	162	14	-3.565430	-3.565430	NOUN
framr-1734	162	15	-2.919952	-2.919952	NOUN
framr-1734	162	16	-2.597905	-2.597905	VERB
framr-1734	162	17	inf	inf	PROPN
framr-1734	162	18	i(1	i(1	PROPN
framr-1734	162	19	)	)	PUNCT
framr-1734	162	20	-14.66489	-14.66489	PUNCT
framr-1734	162	21	0.0000	0.0000	NUM
framr-1734	162	22	-3.568308	-3.568308	NOUN
framr-1734	162	23	-2.921175	-2.921175	NOUN
framr-1734	162	24	-2.598551	-2.598551	PROPN
framr-1734	162	25	intr	intr	PROPN
framr-1734	162	26	i(0	i(0	PROPN
framr-1734	162	27	)	)	PUNCT
framr-1734	162	28	-7.525145	-7.525145	NOUN
framr-1734	163	1	0.0000	0.0000	NUM
framr-1734	163	2	-3.565430	-3.565430	PROPN
framr-1734	163	3	-2.919952	-2.919952	NOUN
framr-1734	163	4	-2.597905	-2.597905	VERB
framr-1734	163	5	mpr	mpr	PROPN
framr-1734	163	6	i(1	i(1	PROPN
framr-1734	163	7	)	)	PUNCT
framr-1734	163	8	-6.307009	-6.307009	NOUN
framr-1734	164	1	0.0000	0.0000	NUM
framr-1734	164	2	-3.568308	-3.568308	NOUN
framr-1734	164	3	-2.921175	-2.921175	PROPN
framr-1734	164	4	-2.598551	-2.598551	PROPN
framr-1734	165	1	sdr	sdr	PROPN
framr-1734	165	2	i(1	i(1	PROPN
framr-1734	165	3	)	)	PUNCT
framr-1734	165	4	-6.306554	-6.306554	NOUN
framr-1734	165	5	0.0000	0.0000	NUM
framr-1734	165	6	-3.565430	-3.565430	NOUN
framr-1734	165	7	-2.919952	-2.919952	NOUN
framr-1734	165	8	-2.597905	-2.597905	NOUN
framr-1734	165	9	tby	tby	PROPN
framr-1734	165	10	i(1	i(1	PROPN
framr-1734	165	11	)	)	PUNCT
framr-1734	165	12	-6.866263	-6.866263	NOUN
framr-1734	165	13	0.0000	0.0000	NUM
framr-1734	165	14	-3.568308	-3.568308	NOUN
framr-1734	165	15	-2.921175	-2.921175	PROPN
framr-1734	165	16	-2.598551	-2.598551	VERB
framr-1734	166	1	financial	financial	ADJ
framr-1734	166	2	risk	risk	NOUN
framr-1734	166	3	and	and	CCONJ
framr-1734	166	4	management	management	NOUN
framr-1734	166	5	reviews	review	NOUN
framr-1734	166	6	,	,	PUNCT
framr-1734	166	7	2020	2020	NUM
framr-1734	166	8	,	,	PUNCT
framr-1734	166	9	6(1	6(1	NUM
framr-1734	166	10	):	):	PUNCT
framr-1734	166	11	1	1	NUM
framr-1734	166	12	-	-	SYM
framr-1734	166	13	13	13	NUM
framr-1734	166	14	8	8	NUM
framr-1734	166	15	©	©	PROPN
framr-1734	166	16	2020	2020	NUM
framr-1734	166	17	conscientia	conscientia	PROPN
framr-1734	166	18	beam	beam	PROPN
framr-1734	166	19	.	.	PUNCT
framr-1734	167	1	all	all	DET
framr-1734	167	2	rights	right	NOUN
framr-1734	167	3	reserved	reserve	VERB
framr-1734	167	4	.	.	PUNCT
framr-1734	168	1	in	in	ADP
framr-1734	168	2	table	table	NOUN
framr-1734	168	3	1	1	NUM
framr-1734	168	4	above	above	ADV
framr-1734	168	5	,	,	PUNCT
framr-1734	168	6	the	the	DET
framr-1734	168	7	series	series	NOUN
framr-1734	168	8	were	be	AUX
framr-1734	168	9	tested	test	VERB
framr-1734	168	10	for	for	ADP
framr-1734	168	11	stationarity	stationarity	NOUN
framr-1734	168	12	of	of	ADP
framr-1734	168	13	individual	individual	ADJ
framr-1734	168	14	series	series	NOUN
framr-1734	168	15	using	use	VERB
framr-1734	168	16	augmented	augment	VERB
framr-1734	168	17	dickey	dickey	PROPN
framr-1734	168	18	fuller	full	ADJ
framr-1734	168	19	(	(	PUNCT
framr-1734	168	20	adf	adf	NOUN
framr-1734	168	21	)	)	PUNCT
framr-1734	168	22	test	test	NOUN
framr-1734	168	23	,	,	PUNCT
framr-1734	168	24	this	this	PRON
framr-1734	168	25	becomes	become	VERB
framr-1734	168	26	necessary	necessary	ADJ
framr-1734	168	27	given	give	VERB
framr-1734	168	28	the	the	DET
framr-1734	168	29	assumption	assumption	NOUN
framr-1734	168	30	that	that	SCONJ
framr-1734	168	31	most	most	ADJ
framr-1734	168	32	economic	economic	ADJ
framr-1734	168	33	variables	variable	NOUN
framr-1734	168	34	are	be	AUX
framr-1734	168	35	not	not	PART
framr-1734	168	36	stationary	stationary	ADJ
framr-1734	168	37	at	at	ADP
framr-1734	168	38	level	level	NOUN
framr-1734	168	39	and	and	CCONJ
framr-1734	168	40	following	follow	VERB
framr-1734	168	41	the	the	DET
framr-1734	168	42	basic	basic	ADJ
framr-1734	168	43	requirement	requirement	NOUN
framr-1734	168	44	of	of	ADP
framr-1734	168	45	interacting	interact	VERB
framr-1734	168	46	economic	economic	ADJ
framr-1734	168	47	variables	variable	NOUN
framr-1734	168	48	.	.	PUNCT
framr-1734	169	1	out	out	ADP
framr-1734	169	2	of	of	ADP
framr-1734	169	3	the	the	DET
framr-1734	169	4	eight	eight	NUM
framr-1734	169	5	variables	variable	NOUN
framr-1734	169	6	tested	test	VERB
framr-1734	169	7	,	,	PUNCT
framr-1734	169	8	three	three	NUM
framr-1734	169	9	variables	variable	NOUN
framr-1734	169	10	(	(	PUNCT
framr-1734	169	11	rgdp	rgdp	NOUN
framr-1734	169	12	,	,	PUNCT
framr-1734	169	13	exr	exr	PROPN
framr-1734	169	14	,	,	PUNCT
framr-1734	169	15	and	and	CCONJ
framr-1734	169	16	intr	intr	NOUN
framr-1734	169	17	)	)	PUNCT
framr-1734	169	18	were	be	AUX
framr-1734	169	19	integrated	integrate	VERB
framr-1734	169	20	of	of	ADP
framr-1734	169	21	order	order	NOUN
framr-1734	169	22	zero	zero	NUM
framr-1734	169	23	i(0	i(0	PROPN
framr-1734	169	24	)	)	PUNCT
framr-1734	169	25	,	,	PUNCT
framr-1734	169	26	while	while	SCONJ
framr-1734	169	27	the	the	DET
framr-1734	169	28	remaining	remain	VERB
framr-1734	169	29	five	five	NUM
framr-1734	169	30	were	be	AUX
framr-1734	169	31	integrated	integrate	VERB
framr-1734	169	32	of	of	ADP
framr-1734	169	33	order	order	NOUN
framr-1734	169	34	one	one	NUM
framr-1734	169	35	(	(	PUNCT
framr-1734	169	36	i.e.	i.e.	X
framr-1734	169	37	i(1	i(1	NOUN
framr-1734	169	38	)	)	PUNCT
framr-1734	169	39	)	)	PUNCT
framr-1734	169	40	.	.	PUNCT
framr-1734	170	1	in	in	ADP
framr-1734	170	2	all	all	PRON
framr-1734	170	3	,	,	PUNCT
framr-1734	170	4	the	the	DET
framr-1734	170	5	study	study	NOUN
framr-1734	170	6	established	establish	VERB
framr-1734	170	7	that	that	SCONJ
framr-1734	170	8	each	each	PRON
framr-1734	170	9	of	of	ADP
framr-1734	170	10	the	the	DET
framr-1734	170	11	series	series	NOUN
framr-1734	170	12	intended	intend	VERB
framr-1734	170	13	for	for	ADP
framr-1734	170	14	estimating	estimate	VERB
framr-1734	170	15	the	the	DET
framr-1734	170	16	behaviour	behaviour	NOUN
framr-1734	170	17	of	of	ADP
framr-1734	170	18	demand	demand	NOUN
framr-1734	170	19	for	for	ADP
framr-1734	170	20	money	money	NOUN
framr-1734	170	21	exhibits	exhibit	VERB
framr-1734	170	22	short	short	ADJ
framr-1734	170	23	run	run	NOUN
framr-1734	170	24	stability	stability	NOUN
framr-1734	170	25	.	.	PUNCT
framr-1734	171	1	furthermore	furthermore	ADV
framr-1734	171	2	,	,	PUNCT
framr-1734	171	3	the	the	DET
framr-1734	171	4	study	study	NOUN
framr-1734	171	5	attempted	attempt	VERB
framr-1734	171	6	to	to	PART
framr-1734	171	7	affirm	affirm	VERB
framr-1734	171	8	the	the	DET
framr-1734	171	9	result	result	NOUN
framr-1734	171	10	of	of	ADP
framr-1734	171	11	the	the	DET
framr-1734	171	12	adf	adf	NOUN
framr-1734	171	13	test	test	NOUN
framr-1734	171	14	by	by	ADP
framr-1734	171	15	using	use	VERB
framr-1734	171	16	a	a	DET
framr-1734	171	17	non	non	ADJ
framr-1734	171	18	-	-	ADJ
framr-1734	171	19	parametric	parametric	ADJ
framr-1734	171	20	phillip	phillip	PROPN
framr-1734	171	21	-	-	PUNCT
framr-1734	171	22	perron	perron	PROPN
framr-1734	171	23	test	test	NOUN
framr-1734	171	24	on	on	ADP
framr-1734	171	25	the	the	DET
framr-1734	171	26	same	same	ADJ
framr-1734	171	27	set	set	NOUN
framr-1734	171	28	of	of	ADP
framr-1734	171	29	the	the	DET
framr-1734	171	30	variables	variable	NOUN
framr-1734	171	31	,	,	PUNCT
framr-1734	171	32	the	the	DET
framr-1734	171	33	results	result	NOUN
framr-1734	171	34	showed	show	VERB
framr-1734	171	35	the	the	DET
framr-1734	171	36	same	same	ADJ
framr-1734	171	37	three	three	NUM
framr-1734	171	38	variable	variable	NOUN
framr-1734	171	39	with	with	ADP
framr-1734	171	40	order	order	NOUN
framr-1734	171	41	i(0	i(0	PROPN
framr-1734	171	42	)	)	PUNCT
framr-1734	171	43	and	and	CCONJ
framr-1734	171	44	the	the	DET
framr-1734	171	45	same	same	ADJ
framr-1734	171	46	five	five	NUM
framr-1734	171	47	variables	variable	NOUN
framr-1734	171	48	with	with	ADP
framr-1734	171	49	order	order	NOUN
framr-1734	171	50	i(1	i(1	NOUN
framr-1734	171	51	)	)	PUNCT
framr-1734	171	52	.	.	PUNCT
framr-1734	172	1	thus	thus	ADV
framr-1734	172	2	,	,	PUNCT
framr-1734	172	3	it	it	PRON
framr-1734	172	4	validates	validate	VERB
framr-1734	172	5	the	the	DET
framr-1734	172	6	finding	finding	NOUN
framr-1734	172	7	of	of	ADP
framr-1734	172	8	the	the	DET
framr-1734	172	9	adf	adf	PROPN
framr-1734	172	10	test	test	NOUN
framr-1734	172	11	.	.	PUNCT
framr-1734	173	1	consequent	consequent	ADJ
framr-1734	173	2	upon	upon	SCONJ
framr-1734	173	3	the	the	DET
framr-1734	173	4	results	result	NOUN
framr-1734	173	5	of	of	ADP
framr-1734	173	6	the	the	DET
framr-1734	173	7	unit	unit	NOUN
framr-1734	173	8	root	root	NOUN
framr-1734	173	9	tests	test	NOUN
framr-1734	173	10	that	that	PRON
framr-1734	173	11	affirmed	affirm	VERB
framr-1734	173	12	the	the	DET
framr-1734	173	13	existence	existence	NOUN
framr-1734	173	14	of	of	ADP
framr-1734	173	15	short	short	ADJ
framr-1734	173	16	run	run	NOUN
framr-1734	173	17	stability	stability	NOUN
framr-1734	173	18	of	of	ADP
framr-1734	173	19	individual	individual	ADJ
framr-1734	173	20	variable	variable	NOUN
framr-1734	173	21	,	,	PUNCT
framr-1734	173	22	it	it	PRON
framr-1734	173	23	becomes	become	VERB
framr-1734	173	24	necessary	necessary	ADJ
framr-1734	173	25	to	to	PART
framr-1734	173	26	test	test	VERB
framr-1734	173	27	for	for	ADP
framr-1734	173	28	group	group	NOUN
framr-1734	173	29	interaction	interaction	NOUN
framr-1734	173	30	and	and	CCONJ
framr-1734	173	31	affirm	affirm	NOUN
framr-1734	173	32	a	a	DET
framr-1734	173	33	long	long	ADJ
framr-1734	173	34	run	run	NOUN
framr-1734	173	35	relationship	relationship	NOUN
framr-1734	173	36	.	.	PUNCT
framr-1734	174	1	the	the	DET
framr-1734	174	2	result	result	NOUN
framr-1734	174	3	in	in	ADP
framr-1734	174	4	table	table	NOUN
framr-1734	174	5	2	2	NUM
framr-1734	174	6	indicates	indicate	VERB
framr-1734	174	7	the	the	DET
framr-1734	174	8	outcome	outcome	NOUN
framr-1734	174	9	of	of	ADP
framr-1734	174	10	johansen	johansen	PROPN
framr-1734	174	11	cointegration	cointegration	PROPN
framr-1734	174	12	(	(	PUNCT
framr-1734	174	13	using	use	VERB
framr-1734	174	14	trace	trace	NOUN
framr-1734	174	15	and	and	CCONJ
framr-1734	174	16	maximum	maximum	PROPN
framr-1734	174	17	eigen	eigen	PROPN
framr-1734	174	18	)	)	PUNCT
framr-1734	174	19	test	test	NOUN
framr-1734	174	20	.	.	PUNCT
framr-1734	175	1	the	the	DET
framr-1734	175	2	result	result	NOUN
framr-1734	175	3	unrestricted	unrestricted	ADJ
framr-1734	175	4	rank	rank	NOUN
framr-1734	175	5	(	(	PUNCT
framr-1734	175	6	trace	trace	NOUN
framr-1734	175	7	)	)	PUNCT
framr-1734	175	8	test	test	NOUN
framr-1734	175	9	indicates	indicate	VERB
framr-1734	175	10	that	that	SCONJ
framr-1734	175	11	there	there	PRON
framr-1734	175	12	exist	exist	VERB
framr-1734	175	13	at	at	ADP
framr-1734	175	14	most	most	ADV
framr-1734	175	15	three	three	NUM
framr-1734	175	16	(	(	PUNCT
framr-1734	175	17	3	3	X
framr-1734	175	18	)	)	PUNCT
framr-1734	175	19	cointegrating	cointegrate	VERB
framr-1734	175	20	equations	equation	NOUN
framr-1734	175	21	;	;	PUNCT
framr-1734	175	22	these	these	PRON
framr-1734	175	23	were	be	AUX
framr-1734	175	24	affirmed	affirm	VERB
framr-1734	175	25	by	by	ADP
framr-1734	175	26	the	the	DET
framr-1734	175	27	higher	high	ADJ
framr-1734	175	28	values	value	NOUN
framr-1734	175	29	of	of	ADP
framr-1734	175	30	the	the	DET
framr-1734	175	31	trace	trace	NOUN
framr-1734	175	32	statistics	statistic	NOUN
framr-1734	175	33	when	when	SCONJ
framr-1734	175	34	compared	compare	VERB
framr-1734	175	35	with	with	ADP
framr-1734	175	36	the	the	DET
framr-1734	175	37	critical	critical	ADJ
framr-1734	175	38	values	value	NOUN
framr-1734	175	39	at	at	ADP
framr-1734	175	40	5	5	NUM
framr-1734	175	41	percent	percent	NOUN
framr-1734	175	42	significant	significant	ADJ
framr-1734	175	43	level	level	NOUN
framr-1734	175	44	,	,	PUNCT
framr-1734	175	45	given	give	VERB
framr-1734	175	46	these	these	PRON
framr-1734	175	47	,	,	PUNCT
framr-1734	175	48	the	the	DET
framr-1734	175	49	study	study	NOUN
framr-1734	175	50	therefore	therefore	ADV
framr-1734	175	51	rejects	reject	VERB
framr-1734	175	52	the	the	DET
framr-1734	175	53	null	null	ADJ
framr-1734	175	54	hypothesis	hypothesis	NOUN
framr-1734	175	55	.	.	PUNCT
framr-1734	176	1	the	the	DET
framr-1734	176	2	result	result	NOUN
framr-1734	176	3	of	of	ADP
framr-1734	176	4	the	the	DET
framr-1734	176	5	maximum	maximum	PROPN
framr-1734	176	6	eigen	eigen	PROPN
framr-1734	176	7	also	also	ADV
framr-1734	176	8	led	lead	VERB
framr-1734	176	9	to	to	ADP
framr-1734	176	10	the	the	DET
framr-1734	176	11	rejection	rejection	NOUN
framr-1734	176	12	of	of	ADP
framr-1734	176	13	the	the	DET
framr-1734	176	14	null	null	ADJ
framr-1734	176	15	hypothesis	hypothesis	NOUN
framr-1734	176	16	as	as	SCONJ
framr-1734	176	17	it	it	PRON
framr-1734	176	18	indicates	indicate	VERB
framr-1734	176	19	that	that	SCONJ
framr-1734	176	20	there	there	PRON
framr-1734	176	21	exist	exist	VERB
framr-1734	176	22	at	at	ADP
framr-1734	176	23	most	most	ADV
framr-1734	176	24	two	two	NUM
framr-1734	176	25	cointegrating	cointegrate	VERB
framr-1734	176	26	equation	equation	NOUN
framr-1734	176	27	.	.	PUNCT
framr-1734	177	1	we	we	PRON
framr-1734	177	2	therefore	therefore	ADV
framr-1734	177	3	affirm	affirm	VERB
framr-1734	177	4	that	that	SCONJ
framr-1734	177	5	there	there	PRON
framr-1734	177	6	is	be	VERB
framr-1734	177	7	a	a	DET
framr-1734	177	8	long	long	ADJ
framr-1734	177	9	run	run	NOUN
framr-1734	177	10	relationship	relationship	NOUN
framr-1734	177	11	among	among	ADP
framr-1734	177	12	the	the	DET
framr-1734	177	13	variable	variable	NOUN
framr-1734	177	14	.	.	PUNCT
framr-1734	178	1	table-2	table-2	NUM
framr-1734	178	2	.	.	PUNCT
framr-1734	178	3	johansen	johansen	PROPN
framr-1734	178	4	cointegration	cointegration	PROPN
framr-1734	178	5	test	test	NOUN
framr-1734	178	6	.	.	PUNCT
framr-1734	179	1	series	series	NOUN
framr-1734	179	2	:	:	PUNCT
framr-1734	179	3	m1	m1	PROPN
framr-1734	179	4	exr	exr	PROPN
framr-1734	179	5	inf	inf	PROPN
framr-1734	179	6	intr	intr	PROPN
framr-1734	179	7	rgdp	rgdp	PROPN
framr-1734	179	8	mpr	mpr	PROPN
framr-1734	179	9	sdr	sdr	PROPN
framr-1734	179	10	tby	tby	PROPN
framr-1734	179	11	unrestricted	unrestricted	ADJ
framr-1734	179	12	cointegration	cointegration	NOUN
framr-1734	179	13	rank	rank	NOUN
framr-1734	179	14	test	test	NOUN
framr-1734	179	15	(	(	PUNCT
framr-1734	179	16	trace	trace	NOUN
framr-1734	179	17	)	)	PUNCT
framr-1734	179	18	hypothesized	hypothesize	VERB
framr-1734	179	19	trace	trace	NOUN
framr-1734	179	20	0.05	0.05	NUM
framr-1734	179	21	no	no	NOUN
framr-1734	179	22	.	.	PUNCT
framr-1734	179	23	of	of	ADP
framr-1734	179	24	ce(s	ce(s	ADV
framr-1734	179	25	)	)	PUNCT
framr-1734	179	26	eigenvalue	eigenvalue	NOUN
framr-1734	179	27	statistic	statistic	ADJ
framr-1734	179	28	critical	critical	ADJ
framr-1734	179	29	value	value	NOUN
framr-1734	179	30	prob	prob	NOUN
framr-1734	179	31	.	.	PUNCT
framr-1734	180	1	*	*	PUNCT
framr-1734	181	1	*	*	PUNCT
framr-1734	182	1	none	none	NOUN
framr-1734	182	2	*	*	PUNCT
framr-1734	183	1	0.710548	0.710548	NUM
framr-1734	183	2	228.6089	228.6089	NUM
framr-1734	183	3	159.5297	159.5297	NUM
framr-1734	183	4	0.0000	0.0000	NUM
framr-1734	183	5	at	at	ADP
framr-1734	183	6	most	most	ADJ
framr-1734	183	7	1	1	NUM
framr-1734	183	8	*	*	NOUN
framr-1734	183	9	0.648414	0.648414	NUM
framr-1734	183	10	166.6207	166.6207	NUM
framr-1734	183	11	125.6154	125.6154	NUM
framr-1734	183	12	0.0000	0.0000	NUM
framr-1734	183	13	at	at	ADP
framr-1734	183	14	most	most	ADJ
framr-1734	183	15	2	2	NUM
framr-1734	183	16	*	*	NUM
framr-1734	183	17	0.573444	0.573444	NUM
framr-1734	183	18	114.3556	114.3556	NUM
framr-1734	183	19	95.75366	95.75366	NUM
framr-1734	183	20	0.0000	0.0000	NUM
framr-1734	183	21	at	at	ADP
framr-1734	183	22	most	most	ADJ
framr-1734	183	23	3	3	NUM
framr-1734	183	24	*	*	PUNCT
framr-1734	183	25	0.477503	0.477503	NUM
framr-1734	183	26	71.75504	71.75504	NUM
framr-1734	183	27	69.81889	69.81889	NUM
framr-1734	183	28	0.0000	0.0000	NUM
framr-1734	183	29	at	at	ADP
framr-1734	183	30	most	most	ADV
framr-1734	183	31	4	4	NUM
framr-1734	183	32	0.327056	0.327056	NUM
framr-1734	183	33	39.29828	39.29828	NUM
framr-1734	183	34	47.85613	47.85613	NUM
framr-1734	183	35	0.0003	0.0003	NUM
framr-1734	183	36	at	at	ADP
framr-1734	183	37	most	most	ADJ
framr-1734	183	38	5	5	NUM
framr-1734	183	39	0.243387	0.243387	NUM
framr-1734	183	40	19.49363	19.49363	NUM
framr-1734	183	41	29.79707	29.79707	NUM
framr-1734	183	42	0.0156	0.0156	NUM
framr-1734	183	43	at	at	ADP
framr-1734	183	44	most	most	ADV
framr-1734	183	45	6	6	NUM
framr-1734	183	46	0.090817	0.090817	NUM
framr-1734	183	47	5.548464	5.548464	NUM
framr-1734	183	48	15.49471	15.49471	NUM
framr-1734	183	49	0.0968	0.0968	NUM
framr-1734	183	50	at	at	ADP
framr-1734	183	51	most	most	ADJ
framr-1734	183	52	7	7	NUM
framr-1734	183	53	0.015637	0.015637	NUM
framr-1734	183	54	0.788043	0.788043	NUM
framr-1734	183	55	3.841466	3.841466	NUM
framr-1734	183	56	0.2067	0.2067	NUM
framr-1734	183	57	trace	trace	NOUN
framr-1734	183	58	test	test	NOUN
framr-1734	183	59	indicates	indicate	VERB
framr-1734	183	60	1	1	NUM
framr-1734	183	61	cointegrating	cointegrate	VERB
framr-1734	183	62	eqn(s	eqn(s	PROPN
framr-1734	183	63	)	)	PUNCT
framr-1734	183	64	at	at	ADP
framr-1734	183	65	the	the	DET
framr-1734	183	66	0.05	0.05	NUM
framr-1734	183	67	level	level	NOUN
framr-1734	183	68	*	*	PUNCT
framr-1734	183	69	denotes	denote	NOUN
framr-1734	183	70	rejection	rejection	NOUN
framr-1734	183	71	of	of	ADP
framr-1734	183	72	the	the	DET
framr-1734	183	73	hypothesis	hypothesis	NOUN
framr-1734	183	74	at	at	ADP
framr-1734	183	75	the	the	DET
framr-1734	183	76	0.05	0.05	NUM
framr-1734	183	77	level	level	NOUN
framr-1734	183	78	unrestricted	unrestricted	ADJ
framr-1734	183	79	cointegration	cointegration	NOUN
framr-1734	183	80	rank	rank	NOUN
framr-1734	183	81	test	test	NOUN
framr-1734	183	82	(	(	PUNCT
framr-1734	183	83	maximum	maximum	PROPN
framr-1734	183	84	eigenvalue	eigenvalue	NOUN
framr-1734	183	85	)	)	PUNCT
framr-1734	183	86	hypothesized	hypothesize	VERB
framr-1734	183	87	max	max	PROPN
framr-1734	183	88	-	-	PUNCT
framr-1734	183	89	eigen	eigen	PROPN
framr-1734	183	90	0.05	0.05	NUM
framr-1734	183	91	no	no	NOUN
framr-1734	183	92	.	.	PUNCT
framr-1734	184	1	of	of	ADP
framr-1734	184	2	ce(s	ce(s	ADV
framr-1734	184	3	)	)	PUNCT
framr-1734	184	4	eigenvalue	eigenvalue	NOUN
framr-1734	184	5	statistic	statistic	ADJ
framr-1734	184	6	critical	critical	ADJ
framr-1734	184	7	value	value	NOUN
framr-1734	184	8	prob	prob	NOUN
framr-1734	184	9	.	.	PUNCT
framr-1734	185	1	*	*	PUNCT
framr-1734	186	1	*	*	PUNCT
framr-1734	186	2	none	none	NOUN
framr-1734	186	3	*	*	NOUN
framr-1734	186	4	0.710548	0.710548	NUM
framr-1734	186	5	61.98822	61.98822	NUM
framr-1734	186	6	52.36261	52.36261	NUM
framr-1734	186	7	0.0000	0.0000	NUM
framr-1734	186	8	at	at	ADP
framr-1734	186	9	most	most	ADV
framr-1734	186	10	1	1	NUM
framr-1734	186	11	*	*	PUNCT
framr-1734	186	12	0.648414	0.648414	NUM
framr-1734	186	13	52.26508	52.26508	NUM
framr-1734	186	14	46.23142	46.23142	NUM
framr-1734	186	15	0.0000	0.0000	NUM
framr-1734	186	16	at	at	ADP
framr-1734	186	17	most	most	ADJ
framr-1734	186	18	2	2	NUM
framr-1734	186	19	*	*	PUNCT
framr-1734	186	20	0.573444	0.573444	NUM
framr-1734	186	21	42.60055	42.60055	NUM
framr-1734	186	22	40.07757	40.07757	NUM
framr-1734	186	23	0.0011	0.0011	NUM
framr-1734	186	24	at	at	ADP
framr-1734	186	25	most	most	ADJ
framr-1734	186	26	3	3	NUM
framr-1734	186	27	0.477503	0.477503	NUM
framr-1734	186	28	32.45676	32.45676	NUM
framr-1734	186	29	33.87687	33.87687	NUM
framr-1734	186	30	0.0002	0.0002	NUM
framr-1734	186	31	at	at	ADP
framr-1734	186	32	most	most	ADV
framr-1734	186	33	4	4	NUM
framr-1734	186	34	0.327056	0.327056	NUM
framr-1734	186	35	19.80465	19.80465	NUM
framr-1734	186	36	27.58434	27.58434	NUM
framr-1734	186	37	0.0103	0.0103	NUM
framr-1734	186	38	at	at	ADP
framr-1734	186	39	most	most	ADJ
framr-1734	186	40	5	5	NUM
framr-1734	186	41	0.243387	0.243387	NUM
framr-1734	186	42	13.94517	13.94517	NUM
framr-1734	186	43	21.13162	21.13162	NUM
framr-1734	186	44	0.0853	0.0853	NUM
framr-1734	186	45	at	at	ADP
framr-1734	186	46	most	most	ADJ
framr-1734	186	47	6	6	NUM
framr-1734	186	48	0.090817	0.090817	NUM
framr-1734	186	49	4.760421	4.760421	NUM
framr-1734	186	50	14.26460	14.26460	NUM
framr-1734	186	51	0.2178	0.2178	NUM
framr-1734	186	52	at	at	ADP
framr-1734	186	53	most	most	ADJ
framr-1734	186	54	7	7	NUM
framr-1734	186	55	0.015637	0.015637	NUM
framr-1734	186	56	0.788043	0.788043	NUM
framr-1734	186	57	3.841466	3.841466	NUM
framr-1734	186	58	0.1529	0.1529	NUM
framr-1734	186	59	max	max	PROPN
framr-1734	186	60	-	-	PUNCT
framr-1734	186	61	eigenvalue	eigenvalue	ADJ
framr-1734	186	62	test	test	NOUN
framr-1734	186	63	indicates	indicate	VERB
framr-1734	186	64	no	no	DET
framr-1734	186	65	cointegration	cointegration	NOUN
framr-1734	186	66	at	at	ADP
framr-1734	186	67	the	the	DET
framr-1734	186	68	0.05	0.05	NUM
framr-1734	186	69	level	level	NOUN
framr-1734	186	70	*	*	PUNCT
framr-1734	186	71	denotes	denote	NOUN
framr-1734	186	72	rejection	rejection	NOUN
framr-1734	186	73	of	of	ADP
framr-1734	186	74	the	the	DET
framr-1734	186	75	hypothesis	hypothesis	NOUN
framr-1734	186	76	at	at	ADP
framr-1734	186	77	the	the	DET
framr-1734	186	78	0.05	0.05	NUM
framr-1734	186	79	level	level	NOUN
framr-1734	186	80	financial	financial	ADJ
framr-1734	186	81	risk	risk	NOUN
framr-1734	186	82	and	and	CCONJ
framr-1734	186	83	management	management	NOUN
framr-1734	186	84	reviews	review	NOUN
framr-1734	186	85	,	,	PUNCT
framr-1734	186	86	2020	2020	NUM
framr-1734	186	87	,	,	PUNCT
framr-1734	186	88	6(1	6(1	NUM
framr-1734	186	89	):	):	PUNCT
framr-1734	186	90	1	1	NUM
framr-1734	186	91	-	-	SYM
framr-1734	186	92	13	13	NUM
framr-1734	186	93	9	9	NUM
framr-1734	186	94	©	©	PROPN
framr-1734	186	95	2020	2020	NUM
framr-1734	186	96	conscientia	conscientia	PROPN
framr-1734	186	97	beam	beam	PROPN
framr-1734	186	98	.	.	PUNCT
framr-1734	187	1	all	all	DET
framr-1734	187	2	rights	right	NOUN
framr-1734	187	3	reserved	reserve	VERB
framr-1734	187	4	.	.	PUNCT
framr-1734	188	1	table-3	table-3	X
framr-1734	188	2	.	.	PUNCT
framr-1734	188	3	correlation	correlation	NOUN
framr-1734	188	4	matrix	matrix	NOUN
framr-1734	188	5	.	.	PUNCT
framr-1734	189	1	variables	variable	NOUN
framr-1734	189	2	m1	m1	PROPN
framr-1734	189	3	rgdp	rgdp	PROPN
framr-1734	189	4	inf	inf	PROPN
framr-1734	189	5	exr	exr	PROPN
framr-1734	189	6	tby	tby	PROPN
framr-1734	189	7	sdr	sdr	PROPN
framr-1734	189	8	ibr	ibr	PROPN
framr-1734	189	9	mpr	mpr	PROPN
framr-1734	189	10	m1	m1	PROPN
framr-1734	189	11	1	1	NUM
framr-1734	189	12	0.3812	0.3812	NUM
framr-1734	189	13	0.5379	0.5379	NUM
framr-1734	189	14	0.7832	0.7832	NUM
framr-1734	189	15	0.3591	0.3591	NUM
framr-1734	189	16	0.1351	0.1351	NUM
framr-1734	189	17	0.1338	0.1338	NUM
framr-1734	189	18	0.3959	0.3959	NUM
framr-1734	189	19	rgdp	rgdp	NOUN
framr-1734	189	20	0.3812	0.3812	NUM
framr-1734	189	21	1	1	NUM
framr-1734	189	22	-0.0986	-0.0986	NOUN
framr-1734	189	23	0.1343	0.1343	NUM
framr-1734	189	24	0.3220	0.3220	NUM
framr-1734	189	25	-0.1490	-0.1490	NUM
framr-1734	189	26	-0.0749	-0.0749	VERB
framr-1734	189	27	0.0975	0.0975	NUM
framr-1734	189	28	inf	inf	PROPN
framr-1734	189	29	0.5379	0.5379	NUM
framr-1734	189	30	-0.0986	-0.0986	NOUN
framr-1734	189	31	1	1	NUM
framr-1734	189	32	0.5579	0.5579	NUM
framr-1734	189	33	-0.0291	-0.0291	X
framr-1734	189	34	-0.0045	-0.0045	VERB
framr-1734	190	1	0.0676	0.0676	NUM
framr-1734	190	2	0.0380	0.0380	NUM
framr-1734	190	3	exr	exr	PROPN
framr-1734	190	4	0.7832	0.7832	NUM
framr-1734	190	5	0.1343	0.1343	NOUN
framr-1734	191	1	0.5579	0.5579	NUM
framr-1734	191	2	1	1	NUM
framr-1734	191	3	0.3381	0.3381	NUM
framr-1734	191	4	0.5195	0.5195	NUM
framr-1734	191	5	0.1112	0.1112	NUM
framr-1734	191	6	0.5494	0.5494	NUM
framr-1734	191	7	tby	tby	NOUN
framr-1734	191	8	0.3591	0.3591	NUM
framr-1734	191	9	0.3220	0.3220	NUM
framr-1734	191	10	-0.0291	-0.0291	NOUN
framr-1734	191	11	0.3381	0.3381	NUM
framr-1734	191	12	1	1	NUM
framr-1734	191	13	0.0578	0.0578	NUM
framr-1734	191	14	0.5250	0.5250	NUM
framr-1734	191	15	0.7133	0.7133	NUM
framr-1734	191	16	sdr	sdr	PROPN
framr-1734	191	17	0.1351	0.1351	NUM
framr-1734	191	18	-0.1490	-0.1490	PUNCT
framr-1734	191	19	-0.0045	-0.0045	VERB
framr-1734	191	20	0.5195	0.5195	NUM
framr-1734	191	21	0.0578	0.0578	NUM
framr-1734	191	22	1	1	NUM
framr-1734	191	23	0.0244	0.0244	NUM
framr-1734	191	24	0.4432	0.4432	NUM
framr-1734	191	25	ibr	ibr	NOUN
framr-1734	191	26	0.1338	0.1338	NUM
framr-1734	191	27	-0.0749	-0.0749	NOUN
framr-1734	191	28	0.0676	0.0676	NUM
framr-1734	192	1	0.1112	0.1112	NUM
framr-1734	192	2	0.5250	0.5250	NUM
framr-1734	192	3	0.0244	0.0244	NUM
framr-1734	192	4	1	1	NUM
framr-1734	192	5	0.4160	0.4160	NUM
framr-1734	192	6	mpr	mpr	NOUN
framr-1734	192	7	0.3959	0.3959	NUM
framr-1734	192	8	0.0975	0.0975	NUM
framr-1734	192	9	0.0380	0.0380	NUM
framr-1734	192	10	0.5494	0.5494	NUM
framr-1734	192	11	0.7133	0.7133	NUM
framr-1734	192	12	0.4432	0.4432	NUM
framr-1734	192	13	0.4160	0.4160	NUM
framr-1734	192	14	1	1	NUM
framr-1734	192	15	4.2	4.2	NUM
framr-1734	192	16	.	.	PUNCT
framr-1734	193	1	interpretation	interpretation	NOUN
framr-1734	193	2	of	of	ADP
framr-1734	193	3	first	first	ADJ
framr-1734	193	4	ols	ol	NOUN
framr-1734	193	5	result	result	NOUN
framr-1734	193	6	table	table	NOUN
framr-1734	193	7	3	3	NUM
framr-1734	193	8	shows	show	VERB
framr-1734	193	9	the	the	DET
framr-1734	193	10	result	result	NOUN
framr-1734	193	11	of	of	ADP
framr-1734	193	12	estimation	estimation	NOUN
framr-1734	193	13	of	of	ADP
framr-1734	193	14	linear	linear	PROPN
framr-1734	193	15	relationship	relationship	NOUN
framr-1734	193	16	between	between	ADP
framr-1734	193	17	m	m	PROPN
framr-1734	193	18	(	(	PUNCT
framr-1734	193	19	m1	m1	NOUN
framr-1734	193	20	)	)	PUNCT
framr-1734	193	21	and	and	CCONJ
framr-1734	193	22	all	all	DET
framr-1734	193	23	the	the	DET
framr-1734	193	24	variables	variable	NOUN
framr-1734	193	25	.	.	PUNCT
framr-1734	194	1	the	the	DET
framr-1734	194	2	pvalues	pvalue	NOUN
framr-1734	194	3	(	(	PUNCT
framr-1734	194	4	probability	probability	NOUN
framr-1734	194	5	values	value	NOUN
framr-1734	194	6	)	)	PUNCT
framr-1734	194	7	of	of	ADP
framr-1734	194	8	four	four	NUM
framr-1734	194	9	variables	variable	NOUN
framr-1734	194	10	(	(	PUNCT
framr-1734	194	11	out	out	ADP
framr-1734	194	12	of	of	ADP
framr-1734	194	13	seven	seven	NUM
framr-1734	194	14	)	)	PUNCT
framr-1734	194	15	are	be	AUX
framr-1734	194	16	not	not	PART
framr-1734	194	17	significant	significant	ADJ
framr-1734	194	18	.	.	PUNCT
framr-1734	195	1	the	the	DET
framr-1734	195	2	p	p	NOUN
framr-1734	195	3	-	-	PUNCT
framr-1734	195	4	values	value	NOUN
framr-1734	195	5	of	of	ADP
framr-1734	195	6	f	f	PROPN
framr-1734	195	7	,	,	PUNCT
framr-1734	195	8	g	g	PROPN
framr-1734	195	9	,	,	PUNCT
framr-1734	195	10	n	n	PROPN
framr-1734	195	11	and	and	CCONJ
framr-1734	195	12	p	p	NOUN
framr-1734	195	13	are	be	AUX
framr-1734	195	14	39.84	39.84	NUM
framr-1734	195	15	%	%	NOUN
framr-1734	195	16	,	,	PUNCT
framr-1734	195	17	70.37	70.37	NUM
framr-1734	195	18	%	%	NOUN
framr-1734	195	19	,	,	PUNCT
framr-1734	195	20	44.61	44.61	NUM
framr-1734	195	21	%	%	NOUN
framr-1734	195	22	and	and	CCONJ
framr-1734	195	23	75.37	75.37	NUM
framr-1734	195	24	%	%	NOUN
framr-1734	195	25	.	.	PUNCT
framr-1734	196	1	that	that	PRON
framr-1734	196	2	is	be	AUX
framr-1734	196	3	,	,	PUNCT
framr-1734	196	4	variables	variable	NOUN
framr-1734	196	5	f	f	PROPN
framr-1734	196	6	,	,	PUNCT
framr-1734	196	7	g	g	PROPN
framr-1734	196	8	,	,	PUNCT
framr-1734	196	9	n	n	PROPN
framr-1734	196	10	and	and	CCONJ
framr-1734	196	11	p	p	NOUN
framr-1734	196	12	are	be	AUX
framr-1734	196	13	not	not	PART
framr-1734	196	14	significant	significant	ADJ
framr-1734	196	15	in	in	ADP
framr-1734	196	16	explaining	explain	VERB
framr-1734	196	17	the	the	DET
framr-1734	196	18	movement	movement	NOUN
framr-1734	196	19	in	in	ADP
framr-1734	196	20	demand	demand	NOUN
framr-1734	196	21	for	for	ADP
framr-1734	196	22	money	money	NOUN
framr-1734	196	23	.	.	PUNCT
framr-1734	197	1	in	in	ADP
framr-1734	197	2	other	other	ADJ
framr-1734	197	3	words	word	NOUN
framr-1734	197	4	,	,	PUNCT
framr-1734	197	5	more	more	ADJ
framr-1734	197	6	than	than	ADP
framr-1734	197	7	50	50	NUM
framr-1734	197	8	%	%	NOUN
framr-1734	197	9	of	of	ADP
framr-1734	197	10	our	our	PRON
framr-1734	197	11	chosen	choose	VERB
framr-1734	197	12	variables	variable	NOUN
framr-1734	197	13	(	(	PUNCT
framr-1734	197	14	four	four	NUM
framr-1734	197	15	out	out	ADP
framr-1734	197	16	of	of	ADP
framr-1734	197	17	seven	seven	NUM
framr-1734	197	18	)	)	PUNCT
framr-1734	197	19	can	can	AUX
framr-1734	197	20	not	not	PART
framr-1734	197	21	explain	explain	VERB
framr-1734	197	22	changes	change	NOUN
framr-1734	197	23	in	in	ADP
framr-1734	197	24	m1	m1	NOUN
framr-1734	197	25	or	or	CCONJ
framr-1734	197	26	demand	demand	NOUN
framr-1734	197	27	for	for	ADP
framr-1734	197	28	money	money	NOUN
framr-1734	197	29	.	.	PUNCT
framr-1734	198	1	given	give	VERB
framr-1734	198	2	a	a	DET
framr-1734	198	3	r	r	NOUN
framr-1734	198	4	-	-	PUNCT
framr-1734	198	5	squared	square	VERB
framr-1734	198	6	value	value	NOUN
framr-1734	198	7	of	of	ADP
framr-1734	198	8	76.4	76.4	NUM
framr-1734	198	9	%	%	NOUN
framr-1734	198	10	shows	show	VERB
framr-1734	198	11	a	a	DET
framr-1734	198	12	good	good	ADJ
framr-1734	198	13	fit	fit	NOUN
framr-1734	198	14	,	,	PUNCT
framr-1734	198	15	however	however	ADV
framr-1734	198	16	the	the	DET
framr-1734	198	17	durbin	durbin	ADJ
framr-1734	198	18	-	-	PUNCT
framr-1734	198	19	watson	watson	NOUN
framr-1734	198	20	statistic	statistic	NOUN
framr-1734	198	21	is	be	AUX
framr-1734	198	22	0.58	0.58	NUM
framr-1734	198	23	,	,	PUNCT
framr-1734	198	24	signifying	signify	VERB
framr-1734	198	25	the	the	DET
framr-1734	198	26	presence	presence	NOUN
framr-1734	198	27	of	of	ADP
framr-1734	198	28	autocorrelation	autocorrelation	NOUN
framr-1734	198	29	.	.	PUNCT
framr-1734	199	1	the	the	DET
framr-1734	199	2	presence	presence	NOUN
framr-1734	199	3	of	of	ADP
framr-1734	199	4	autocorrelation	autocorrelation	NOUN
framr-1734	199	5	is	be	AUX
framr-1734	199	6	further	far	ADV
framr-1734	199	7	confirmed	confirm	VERB
framr-1734	199	8	by	by	ADP
framr-1734	199	9	the	the	DET
framr-1734	199	10	serial	serial	ADJ
framr-1734	199	11	correlation	correlation	NOUN
framr-1734	199	12	test	test	NOUN
framr-1734	199	13	contained	contain	VERB
framr-1734	199	14	in	in	ADP
framr-1734	199	15	table	table	NOUN
framr-1734	199	16	3	3	NUM
framr-1734	199	17	.	.	PUNCT
framr-1734	200	1	the	the	DET
framr-1734	200	2	probability	probability	NOUN
framr-1734	200	3	of	of	ADP
framr-1734	200	4	chi	chi	NOUN
framr-1734	200	5	-	-	PUNCT
framr-1734	200	6	squared	square	VERB
framr-1734	200	7	is	be	AUX
framr-1734	200	8	less	less	ADJ
framr-1734	200	9	than	than	ADP
framr-1734	200	10	5	5	NUM
framr-1734	200	11	%	%	NOUN
framr-1734	200	12	,	,	PUNCT
framr-1734	200	13	indicating	indicate	VERB
framr-1734	200	14	autocorrelation	autocorrelation	NOUN
framr-1734	200	15	.	.	PUNCT
framr-1734	201	1	table-4	table-4	X
framr-1734	201	2	.	.	PUNCT
framr-1734	201	3	1st	1st	ADJ
framr-1734	201	4	ols	ol	NOUN
framr-1734	201	5	estimation	estimation	NOUN
framr-1734	201	6	of	of	ADP
framr-1734	201	7	money	money	NOUN
framr-1734	201	8	demand	demand	NOUN
framr-1734	201	9	function	function	NOUN
framr-1734	201	10	.	.	PUNCT
framr-1734	202	1	dependent	dependent	ADJ
framr-1734	202	2	variable	variable	NOUN
framr-1734	202	3	:	:	PUNCT
framr-1734	202	4	m1	m1	PROPN
framr-1734	202	5	variables	variable	NOUN
framr-1734	202	6	coefficient	coefficient	VERB
framr-1734	202	7	std	std	PROPN
framr-1734	202	8	.	.	NOUN
framr-1734	202	9	error	error	NOUN
framr-1734	202	10	t	t	PROPN
framr-1734	202	11	-	-	PUNCT
framr-1734	202	12	statistics	statistic	NOUN
framr-1734	202	13	probability	probability	NOUN
framr-1734	202	14	constant	constant	ADJ
framr-1734	202	15	2.7602	2.7602	NUM
framr-1734	202	16	2.4256	2.4256	NUM
framr-1734	202	17	1.1380	1.1380	NUM
framr-1734	202	18	0.2613	0.2613	NUM
framr-1734	202	19	rgdp	rgdp	NOUN
framr-1734	202	20	0.4443	0.4443	NUM
framr-1734	202	21	0.1499	0.1499	NUM
framr-1734	202	22	2.9634	2.9634	NUM
framr-1734	202	23	0.0049	0.0049	NUM
framr-1734	202	24	inf	inf	NOUN
framr-1734	202	25	0.1503	0.1503	NUM
framr-1734	202	26	0.1763	0.1763	NUM
framr-1734	202	27	0.8527	0.8527	NUM
framr-1734	202	28	0.3984	0.3984	NUM
framr-1734	202	29	exr	exr	PROPN
framr-1734	202	30	1.0296	1.0296	NUM
framr-1734	202	31	0.1828	0.1828	NUM
framr-1734	202	32	5.6317	5.6317	NUM
framr-1734	202	33	0.0000	0.0000	NUM
framr-1734	202	34	tby	tby	NOUN
framr-1734	202	35	-0.0499	-0.0499	NOUN
framr-1734	202	36	0.1304	0.1304	NUM
framr-1734	202	37	-0.3828	-0.3828	NOUN
framr-1734	203	1	0.7037	0.7037	NUM
framr-1734	203	2	sdr	sdr	NOUN
framr-1734	203	3	-0.3855	-0.3855	VERB
framr-1734	203	4	0.1559	0.1559	NUM
framr-1734	203	5	-2.4732	-2.4732	NOUN
framr-1734	203	6	0.0173	0.0173	NUM
framr-1734	203	7	ibr	ibr	PROPN
framr-1734	203	8	0.0542	0.0542	NUM
framr-1734	203	9	0.0704	0.0704	NUM
framr-1734	203	10	0.7689	0.7689	NUM
framr-1734	203	11	0.4461	0.4461	NUM
framr-1734	203	12	mpr	mpr	NOUN
framr-1734	203	13	0.0803	0.0803	NUM
framr-1734	203	14	0.2543	0.2543	NUM
framr-1734	203	15	0.3157	0.3157	NUM
framr-1734	203	16	0.7537	0.7537	NUM
framr-1734	203	17	other	other	ADJ
framr-1734	203	18	parameters	parameter	NOUN
framr-1734	203	19	r	r	NOUN
framr-1734	203	20	-	-	PUNCT
framr-1734	203	21	squared	square	VERB
framr-1734	203	22	0.7647	0.7647	NUM
framr-1734	203	23	mean	mean	NOUN
framr-1734	203	24	dependent	dependent	ADJ
framr-1734	203	25	var	var	NOUN
framr-1734	203	26	.	.	PUNCT
framr-1734	204	1	15.5708	15.5708	NUM
framr-1734	204	2	adj	adj	X
framr-1734	204	3	.	.	PUNCT
framr-1734	204	4	r	r	X
framr-1734	204	5	-	-	PUNCT
framr-1734	204	6	squared	square	VERB
framr-1734	204	7	0.7273	0.7273	NUM
framr-1734	204	8	s.d	s.d	PROPN
framr-1734	204	9	.	.	PUNCT
framr-1734	205	1	dependent	dependent	ADJ
framr-1734	205	2	var	var	NOUN
framr-1734	205	3	.	.	PUNCT
framr-1734	206	1	0.5084	0.5084	NUM
framr-1734	206	2	s.e	s.e	PROPN
framr-1734	206	3	.	.	PROPN
framr-1734	206	4	of	of	ADP
framr-1734	206	5	regression	regression	NOUN
framr-1734	206	6	0.2655	0.2655	NUM
framr-1734	206	7	akaike	akaike	ADJ
framr-1734	206	8	info	info	NOUN
framr-1734	206	9	criterion	criterion	NOUN
framr-1734	206	10	0.3262	0.3262	NUM
framr-1734	206	11	sum	sum	NOUN
framr-1734	206	12	square	square	ADJ
framr-1734	206	13	resid	resid	NOUN
framr-1734	206	14	3.1015	3.1015	NUM
framr-1734	206	15	schwarz	schwarz	NOUN
framr-1734	206	16	criterion	criterion	NOUN
framr-1734	206	17	0.6264	0.6264	NUM
framr-1734	206	18	log	log	NOUN
framr-1734	206	19	likelihood	likelihood	NOUN
framr-1734	206	20	-0.4812	-0.4812	PROPN
framr-1734	207	1	hannan	hannan	PROPN
framr-1734	207	2	-	-	PUNCT
framr-1734	207	3	quinn	quinn	PROPN
framr-1734	207	4	criterion	criterion	NOUN
framr-1734	207	5	0.4413	0.4413	NUM
framr-1734	207	6	f	f	X
framr-1734	207	7	-	-	PUNCT
framr-1734	207	8	statistic	statistic	ADJ
framr-1734	207	9	20.4314	20.4314	NUM
framr-1734	207	10	durbin	durbin	ADJ
framr-1734	207	11	-	-	PUNCT
framr-1734	207	12	watson	watson	NOUN
framr-1734	207	13	statistics	statistic	NOUN
framr-1734	207	14	0.5797	0.5797	NUM
framr-1734	207	15	prob(f	prob(f	NOUN
framr-1734	207	16	-	-	PUNCT
framr-1734	207	17	statistic	statistic	NOUN
framr-1734	207	18	)	)	PUNCT
framr-1734	207	19	0.0000	0.0000	NUM
framr-1734	207	20	4.3	4.3	NUM
framr-1734	207	21	.	.	PUNCT
framr-1734	208	1	interpretation	interpretation	NOUN
framr-1734	208	2	of	of	ADP
framr-1734	208	3	second	second	ADJ
framr-1734	208	4	ols	ol	NOUN
framr-1734	208	5	result	result	NOUN
framr-1734	208	6	given	give	VERB
framr-1734	208	7	the	the	DET
framr-1734	208	8	poor	poor	ADJ
framr-1734	208	9	statistics	statistic	NOUN
framr-1734	208	10	generated	generate	VERB
framr-1734	208	11	from	from	ADP
framr-1734	208	12	the	the	DET
framr-1734	208	13	above	above	ADJ
framr-1734	208	14	model	model	NOUN
framr-1734	208	15	(	(	PUNCT
framr-1734	208	16	contained	contain	VERB
framr-1734	208	17	in	in	ADP
framr-1734	208	18	table	table	NOUN
framr-1734	208	19	4	4	NUM
framr-1734	208	20	)	)	PUNCT
framr-1734	208	21	in	in	ADP
framr-1734	208	22	terms	term	NOUN
framr-1734	208	23	of	of	ADP
framr-1734	208	24	p	p	NOUN
framr-1734	208	25	-	-	PUNCT
framr-1734	208	26	values	value	NOUN
framr-1734	208	27	of	of	ADP
framr-1734	208	28	coefficients	coefficient	NOUN
framr-1734	208	29	,	,	PUNCT
framr-1734	208	30	r	r	NOUN
framr-1734	208	31	-	-	PUNCT
framr-1734	208	32	squared	square	VERB
framr-1734	208	33	,	,	PUNCT
framr-1734	208	34	durbin	durbin	NOUN
framr-1734	208	35	-	-	PUNCT
framr-1734	208	36	watson	watson	NOUN
framr-1734	208	37	and	and	CCONJ
framr-1734	208	38	autocorrelation	autocorrelation	NOUN
framr-1734	208	39	test	test	NOUN
framr-1734	208	40	,	,	PUNCT
framr-1734	208	41	the	the	DET
framr-1734	208	42	model	model	NOUN
framr-1734	208	43	is	be	AUX
framr-1734	208	44	re	re	VERB
framr-1734	208	45	-	-	VERB
framr-1734	208	46	specified	specified	ADJ
framr-1734	208	47	.	.	PUNCT
framr-1734	209	1	the	the	DET
framr-1734	209	2	re	re	NOUN
framr-1734	209	3	-	-	NOUN
framr-1734	209	4	specification	specification	NOUN
framr-1734	209	5	is	be	AUX
framr-1734	209	6	aimed	aim	VERB
framr-1734	209	7	at	at	ADP
framr-1734	209	8	elimination	elimination	NOUN
framr-1734	209	9	autocorrelation	autocorrelation	NOUN
framr-1734	209	10	while	while	SCONJ
framr-1734	209	11	obtaining	obtain	VERB
framr-1734	209	12	a	a	DET
framr-1734	209	13	good	good	ADJ
framr-1734	209	14	fit	fit	NOUN
framr-1734	209	15	.	.	PUNCT
framr-1734	210	1	the	the	DET
framr-1734	210	2	new	new	ADJ
framr-1734	210	3	specification	specification	NOUN
framr-1734	210	4	becomes	become	VERB
framr-1734	210	5	:	:	PUNCT
framr-1734	210	6	0	0	NUM
framr-1734	210	7	1	1	NUM
framr-1734	210	8	1	1	NUM
framr-1734	210	9	2	2	NUM
framr-1734	210	10	3	3	NUM
framr-1734	210	11	4	4	NUM
framr-1734	210	12	5	5	NUM
framr-1734	210	13	61	61	NUM
framr-1734	210	14	1	1	NUM
framr-1734	210	15	t	t	NOUN
framr-1734	210	16	t	t	NOUN
framr-1734	210	17	t	t	PROPN
framr-1734	210	18	t	t	PROPN
framr-1734	210	19	t	t	PROPN
framr-1734	210	20	tm	tm	PROPN
framr-1734	210	21	m	m	PROPN
framr-1734	210	22	rgdp	rgdp	PROPN
framr-1734	210	23	inf	inf	PROPN
framr-1734	210	24	exr	exr	PROPN
framr-1734	210	25	tbr	tbr	PROPN
framr-1734	210	26	sdr	sdr	ADP
framr-1734	210	27			PROPN
framr-1734	210	28			PROPN
framr-1734	210	29			PROPN
framr-1734	210	30			PROPN
framr-1734	210	31			PROPN
framr-1734	210	32			PROPN
framr-1734	210	33			PROPN
framr-1734	210	34			ADV
framr-1734	210	35			PROPN
framr-1734	210	36			PROPN
framr-1734	210	37			PROPN
framr-1734	210	38			PROPN
framr-1734	210	39			PUNCT
framr-1734	210	40			PUNCT
framr-1734	210	41	where	where	SCONJ
framr-1734	210	42	the	the	DET
framr-1734	210	43	variables	variable	NOUN
framr-1734	210	44	are	be	AUX
framr-1734	210	45	in	in	ADP
framr-1734	210	46	their	their	PRON
framr-1734	210	47	log	log	NOUN
framr-1734	210	48	forms	form	NOUN
framr-1734	210	49	,	,	PUNCT
framr-1734	210	50	m1	m1	NOUN
framr-1734	210	51	=	=	SYM
framr-1734	210	52	money	money	NOUN
framr-1734	210	53	stock	stock	NOUN
framr-1734	210	54	represented	represent	VERB
framr-1734	210	55	by	by	ADP
framr-1734	210	56	m1	m1	PROPN
framr-1734	210	57	.	.	PUNCT
framr-1734	211	1	rgdp	rgdp	PROPN
framr-1734	211	2	=	=	PROPN
framr-1734	211	3	real	real	PROPN
framr-1734	211	4	gdp	gdp	NOUN
framr-1734	211	5	.	.	PUNCT
framr-1734	212	1	m1t-1=	m1t-1=	NOUN
framr-1734	212	2	lagged	lag	VERB
framr-1734	212	3	value	value	NOUN
framr-1734	212	4	of	of	ADP
framr-1734	212	5	m1	m1	PROPN
framr-1734	212	6	.	.	PUNCT
framr-1734	213	1	inf	inf	VERB
framr-1734	213	2	=	=	ADJ
framr-1734	213	3	inflation	inflation	NOUN
framr-1734	213	4	rate	rate	NOUN
framr-1734	213	5	.	.	PUNCT
framr-1734	214	1	exr	exr	PROPN
framr-1734	214	2	=	=	NOUN
framr-1734	214	3	exchange	exchange	NOUN
framr-1734	214	4	rate	rate	NOUN
framr-1734	214	5	.	.	PUNCT
framr-1734	215	1	financial	financial	ADJ
framr-1734	215	2	risk	risk	NOUN
framr-1734	215	3	and	and	CCONJ
framr-1734	215	4	management	management	NOUN
framr-1734	215	5	reviews	review	NOUN
framr-1734	215	6	,	,	PUNCT
framr-1734	215	7	2020	2020	NUM
framr-1734	215	8	,	,	PUNCT
framr-1734	215	9	6(1	6(1	NUM
framr-1734	215	10	):	):	PUNCT
framr-1734	215	11	1	1	NUM
framr-1734	215	12	-	-	SYM
framr-1734	215	13	13	13	NUM
framr-1734	215	14	10	10	NUM
framr-1734	215	15	©	©	PROPN
framr-1734	215	16	2020	2020	NUM
framr-1734	215	17	conscientia	conscientia	PROPN
framr-1734	215	18	beam	beam	PROPN
framr-1734	215	19	.	.	PUNCT
framr-1734	216	1	all	all	DET
framr-1734	216	2	rights	right	NOUN
framr-1734	216	3	reserved	reserve	VERB
framr-1734	216	4	.	.	PUNCT
framr-1734	217	1	tbr	tbr	NOUN
framr-1734	217	2	=	=	NOUN
framr-1734	217	3	treasury	treasury	NOUN
framr-1734	217	4	bill	bill	NOUN
framr-1734	217	5	yield	yield	NOUN
framr-1734	217	6	.	.	PUNCT
framr-1734	218	1	sdr	sdr	X
framr-1734	219	1	=	=	NOUN
framr-1734	219	2	savings	saving	NOUN
framr-1734	219	3	deposit	deposit	NOUN
framr-1734	219	4	rate	rate	NOUN
framr-1734	219	5	.	.	PUNCT
framr-1734	220	1	m	m	PROPN
framr-1734	220	2	is	be	AUX
framr-1734	220	3	lagged	lag	VERB
framr-1734	220	4	by	by	ADP
framr-1734	220	5	one	one	NUM
framr-1734	220	6	level	level	NOUN
framr-1734	220	7	and	and	CCONJ
framr-1734	220	8	introduced	introduce	VERB
framr-1734	220	9	into	into	ADP
framr-1734	220	10	the	the	DET
framr-1734	220	11	model	model	NOUN
framr-1734	220	12	as	as	ADP
framr-1734	220	13	an	an	DET
framr-1734	220	14	independent	independent	ADJ
framr-1734	220	15	variable	variable	NOUN
framr-1734	220	16	to	to	PART
framr-1734	220	17	prevent	prevent	VERB
framr-1734	220	18	the	the	DET
framr-1734	220	19	presence	presence	NOUN
framr-1734	220	20	of	of	ADP
framr-1734	220	21	autocorrelation	autocorrelation	NOUN
framr-1734	220	22	.	.	PUNCT
framr-1734	221	1	the	the	DET
framr-1734	221	2	resulting	result	VERB
framr-1734	221	3	model	model	NOUN
framr-1734	221	4	is	be	AUX
framr-1734	221	5	shown	show	VERB
framr-1734	221	6	in	in	ADP
framr-1734	221	7	table	table	NOUN
framr-1734	221	8	5	5	NUM
framr-1734	221	9	.	.	PUNCT
framr-1734	222	1	the	the	DET
framr-1734	222	2	p	p	NOUN
framr-1734	222	3	-	-	PUNCT
framr-1734	222	4	values	value	NOUN
framr-1734	222	5	of	of	ADP
framr-1734	222	6	the	the	DET
framr-1734	222	7	explanatory	explanatory	ADJ
framr-1734	222	8	variables	variable	NOUN
framr-1734	222	9	are	be	AUX
framr-1734	222	10	significant	significant	ADJ
framr-1734	222	11	in	in	ADP
framr-1734	222	12	explaining	explain	VERB
framr-1734	222	13	the	the	DET
framr-1734	222	14	variation	variation	NOUN
framr-1734	222	15	in	in	ADP
framr-1734	222	16	m	m	PROPN
framr-1734	222	17	,	,	PUNCT
framr-1734	222	18	except	except	SCONJ
framr-1734	222	19	f.	f.	PROPN
framr-1734	222	20	r	r	PROPN
framr-1734	222	21	-	-	PUNCT
framr-1734	222	22	squared	square	VERB
framr-1734	222	23	of	of	ADP
framr-1734	222	24	96.5	96.5	NUM
framr-1734	222	25	%	%	NOUN
framr-1734	222	26	shows	show	VERB
framr-1734	222	27	a	a	DET
framr-1734	222	28	good	good	ADJ
framr-1734	222	29	fit	fit	ADJ
framr-1734	222	30	and	and	CCONJ
framr-1734	222	31	durbin	durbin	ADJ
framr-1734	222	32	-	-	PUNCT
framr-1734	222	33	watson	watson	NOUN
framr-1734	222	34	of	of	ADP
framr-1734	222	35	2.52	2.52	NUM
framr-1734	222	36	indicates	indicate	VERB
framr-1734	222	37	the	the	DET
framr-1734	222	38	absence	absence	NOUN
framr-1734	222	39	of	of	ADP
framr-1734	222	40	autocorrelation	autocorrelation	NOUN
framr-1734	222	41	.	.	PUNCT
framr-1734	223	1	this	this	PRON
framr-1734	223	2	is	be	AUX
framr-1734	223	3	further	far	ADV
framr-1734	223	4	confirmed	confirm	VERB
framr-1734	223	5	by	by	ADP
framr-1734	223	6	serial	serial	ADJ
framr-1734	223	7	correlation	correlation	NOUN
framr-1734	223	8	statistics	statistic	NOUN
framr-1734	223	9	in	in	ADP
framr-1734	223	10	table	table	NOUN
framr-1734	223	11	6	6	NUM
framr-1734	223	12	below	below	ADV
framr-1734	223	13	.	.	PUNCT
framr-1734	224	1	therefore	therefore	ADV
framr-1734	224	2	,	,	PUNCT
framr-1734	224	3	the	the	DET
framr-1734	224	4	money	money	NOUN
framr-1734	224	5	demand	demand	NOUN
framr-1734	224	6	function	function	NOUN
framr-1734	224	7	(	(	PUNCT
framr-1734	224	8	m	m	NOUN
framr-1734	224	9	)	)	PUNCT
framr-1734	224	10	estimated	estimate	VERB
framr-1734	224	11	by	by	ADP
framr-1734	224	12	ols	ol	NOUN
framr-1734	224	13	technique	technique	NOUN
framr-1734	224	14	becomes	become	VERB
framr-1734	224	15	:	:	PUNCT
framr-1734	224	16	11	11	NUM
framr-1734	224	17	0.1586	0.1586	NUM
framr-1734	224	18	0.8441	0.8441	NUM
framr-1734	224	19	1	1	NUM
framr-1734	224	20	0.1009	0.1009	NUM
framr-1734	224	21	0.0233	0.0233	NUM
framr-1734	224	22	0.1436	0.1436	NUM
framr-1734	224	23	0.0380	0.0380	NUM
framr-1734	224	24	t	t	NOUN
framr-1734	224	25	t	t	PROPN
framr-1734	224	26	t	t	PROPN
framr-1734	224	27	t	t	PROPN
framr-1734	224	28	t	t	PROPN
framr-1734	224	29	tm	tm	PROPN
framr-1734	224	30	m	m	PROPN
framr-1734	224	31	rgdp	rgdp	PROPN
framr-1734	224	32	inf	inf	PROPN
framr-1734	224	33	exr	exr	PROPN
framr-1734	224	34	sdr	sdr	PROPN
framr-1734	224	35			PROPN
framr-1734	224	36			VERB
framr-1734	224	37			PUNCT
framr-1734	224	38			PROPN
framr-1734	224	39			VERB
framr-1734	224	40			PROPN
framr-1734	224	41			VERB
framr-1734	224	42	the	the	DET
framr-1734	224	43	new	new	ADJ
framr-1734	224	44	model	model	NOUN
framr-1734	224	45	is	be	AUX
framr-1734	224	46	free	free	ADJ
framr-1734	224	47	from	from	ADP
framr-1734	224	48	autocorrelation	autocorrelation	NOUN
framr-1734	224	49	and	and	CCONJ
framr-1734	224	50	is	be	AUX
framr-1734	224	51	hereby	hereby	ADV
framr-1734	224	52	presented	present	VERB
framr-1734	224	53	below	below	ADP
framr-1734	224	54	:	:	PUNCT
framr-1734	225	1	table-5	table-5	PROPN
framr-1734	225	2	.	.	PUNCT
framr-1734	226	1	2nd	2nd	ADJ
framr-1734	226	2	ols	ols	PROPN
framr-1734	226	3	estimation	estimation	NOUN
framr-1734	226	4	of	of	ADP
framr-1734	226	5	money	money	NOUN
framr-1734	226	6	demand	demand	NOUN
framr-1734	226	7	function	function	NOUN
framr-1734	226	8	.	.	PUNCT
framr-1734	227	1	dependent	dependent	ADJ
framr-1734	227	2	variable	variable	NOUN
framr-1734	227	3	:	:	PUNCT
framr-1734	227	4	m1	m1	PROPN
framr-1734	227	5	variable	variable	ADJ
framr-1734	227	6	coefficient	coefficient	NOUN
framr-1734	227	7	std	std	PROPN
framr-1734	227	8	.	.	NOUN
framr-1734	227	9	error	error	NOUN
framr-1734	227	10	t	t	NOUN
framr-1734	227	11	-	-	PUNCT
framr-1734	227	12	statistic	statistic	NOUN
framr-1734	227	13	probability	probability	NOUN
framr-1734	227	14	constant	constant	ADJ
framr-1734	227	15	0.1586	0.1586	NUM
framr-1734	227	16	0.8608	0.8608	NUM
framr-1734	227	17	0.1842	0.1842	NUM
framr-1734	227	18	0.8547	0.8547	NUM
framr-1734	227	19	m1t-1	m1t-1	NOUN
framr-1734	227	20	0.8441	0.8441	NUM
framr-1734	227	21	0.0556	0.0556	NUM
framr-1734	227	22	15.1791	15.1791	NUM
framr-1734	227	23	0.0000	0.0000	NUM
framr-1734	227	24	rgdp	rgdp	NOUN
framr-1734	227	25	0.1009	0.1009	NUM
framr-1734	227	26	0.0546	0.0546	NUM
framr-1734	227	27	1.8591	1.8591	NUM
framr-1734	227	28	0.0696	0.0696	NUM
framr-1734	227	29	inf	inf	PROPN
framr-1734	227	30	-0.0233	-0.0233	NOUN
framr-1734	227	31	0.0613	0.0613	NUM
framr-1734	227	32	-0.3807	-0.3807	VERB
framr-1734	228	1	0.7052	0.7052	NUM
framr-1734	228	2	exr	exr	ADJ
framr-1734	228	3	0.1436	0.1436	NUM
framr-1734	228	4	0.0795	0.0795	NUM
framr-1734	228	5	1.8062	1.8062	NUM
framr-1734	228	6	0.0776	0.0776	NUM
framr-1734	228	7	sdr	sdr	NOUN
framr-1734	228	8	-0.0380	-0.0380	NOUN
framr-1734	228	9	0.0563	0.0563	NUM
framr-1734	228	10	-0.6753	-0.6753	NUM
framr-1734	228	11	0.5030	0.5030	NUM
framr-1734	228	12	other	other	ADJ
framr-1734	228	13	parameter	parameter	NOUN
framr-1734	228	14	r	r	NOUN
framr-1734	228	15	-	-	PUNCT
framr-1734	228	16	square	square	ADJ
framr-1734	228	17	0.9645	0.9645	NUM
framr-1734	228	18	mean	mean	NOUN
framr-1734	228	19	dependent	dependent	ADJ
framr-1734	228	20	var	var	NOUN
framr-1734	228	21	.	.	PUNCT
framr-1734	229	1	15.5946	15.5946	NUM
framr-1734	229	2	adj	adj	X
framr-1734	229	3	.	.	PUNCT
framr-1734	229	4	r	r	X
framr-1734	229	5	-	-	PUNCT
framr-1734	229	6	squared	square	VERB
framr-1734	229	7	0.9606	0.9606	NUM
framr-1734	229	8	s.d	s.d	PROPN
framr-1734	229	9	.	.	PUNCT
framr-1734	229	10	dependent	dependent	ADJ
framr-1734	229	11	var	var	NOUN
framr-1734	229	12	.	.	PUNCT
framr-1734	230	1	0.4835	0.4835	NUM
framr-1734	230	2	s.e	s.e	PROPN
framr-1734	230	3	.	.	PROPN
framr-1734	230	4	of	of	ADP
framr-1734	230	5	regression	regression	NOUN
framr-1734	230	6	0.0960	0.0960	NUM
framr-1734	230	7	akaike	akaike	ADJ
framr-1734	230	8	info	info	NOUN
framr-1734	230	9	criterion	criterion	NOUN
framr-1734	230	10	-1.7384	-1.7384	X
framr-1734	230	11	sum	sum	PROPN
framr-1734	230	12	square	square	ADJ
framr-1734	230	13	resid	resid	VERB
framr-1734	230	14	0.4149	0.4149	NUM
framr-1734	230	15	schwarz	schwarz	NOUN
framr-1734	230	16	criterion	criterion	NOUN
framr-1734	230	17	-1.5112	-1.5112	PROPN
framr-1734	230	18	log	log	PROPN
framr-1734	230	19	likelihood	likelihood	NOUN
framr-1734	231	1	50.3297	50.3297	NUM
framr-1734	231	2	hannan	hannan	PROPN
framr-1734	231	3	-	-	PUNCT
framr-1734	231	4	quinn	quinn	NOUN
framr-1734	231	5	criterion	criterion	NOUN
framr-1734	231	6	-1.6516	-1.6516	VERB
framr-1734	232	1	f	f	X
framr-1734	232	2	-	-	PUNCT
framr-1734	232	3	statistics	statistic	NOUN
framr-1734	232	4	244.5680	244.5680	NUM
framr-1734	232	5	durbin	durbin	ADJ
framr-1734	232	6	-	-	PUNCT
framr-1734	232	7	watson	watson	NOUN
framr-1734	232	8	statistic	statistic	NOUN
framr-1734	232	9	2.5232	2.5232	NUM
framr-1734	232	10	prob(f	prob(f	NOUN
framr-1734	232	11	-	-	PUNCT
framr-1734	232	12	statistic	statistic	NOUN
framr-1734	232	13	)	)	PUNCT
framr-1734	232	14	0.0000	0.0000	NUM
framr-1734	232	15	table-6	table-6	PRON
framr-1734	232	16	.	.	PUNCT
framr-1734	233	1	post	post	NOUN
framr-1734	233	2	estimation	estimation	NOUN
framr-1734	233	3	diagnostics	diagnostic	NOUN
framr-1734	233	4	.	.	PUNCT
framr-1734	234	1	serial	serial	ADJ
framr-1734	234	2	correlation	correlation	NOUN
framr-1734	234	3	test	test	NOUN
framr-1734	234	4	breuch	breuch	ADJ
framr-1734	234	5	-	-	PUNCT
framr-1734	234	6	godfrey	godfrey	PROPN
framr-1734	234	7	serial	serial	ADJ
framr-1734	234	8	correlation	correlation	NOUN
framr-1734	234	9	lm	lm	X
framr-1734	234	10	test	test	NOUN
framr-1734	234	11	null	null	ADJ
framr-1734	234	12	hypothesis	hypothesis	NOUN
framr-1734	234	13	:	:	PUNCT
framr-1734	234	14	no	no	DET
framr-1734	234	15	serial	serial	ADJ
framr-1734	234	16	correlation	correlation	NOUN
framr-1734	234	17	at	at	ADP
framr-1734	234	18	up	up	ADP
framr-1734	234	19	to	to	PART
framr-1734	234	20	2	2	NUM
framr-1734	234	21	lags	lag	VERB
framr-1734	234	22	f	f	NOUN
framr-1734	234	23	-	-	PUNCT
framr-1734	234	24	statistics	statistic	NOUN
framr-1734	234	25	2	2	NUM
framr-1734	234	26	..	..	SYM
framr-1734	234	27	4639	4639	NUM
framr-1734	234	28	prob	prob	NOUN
framr-1734	234	29	.	.	PUNCT
framr-1734	235	1	f(2,43	f(2,43	ADJ
framr-1734	235	2	)	)	PUNCT
framr-1734	236	1	0.0970	0.0970	NUM
framr-1734	236	2	obs*r	obs*r	PROPN
framr-1734	236	3	-	-	PUNCT
framr-1734	236	4	squared	square	VERB
framr-1734	236	5	5.2436	5.2436	NUM
framr-1734	236	6	prob	prob	NOUN
framr-1734	236	7	.	.	PUNCT
framr-1734	237	1	chi	chi	PROPN
framr-1734	237	2	-	-	PUNCT
framr-1734	237	3	squared(2	squared(2	NOUN
framr-1734	237	4	)	)	PUNCT
framr-1734	237	5	0.0727	0.0727	NUM
framr-1734	237	6	homoscedasticity	homoscedasticity	NOUN
framr-1734	237	7	test	test	NOUN
framr-1734	237	8	heteroscedasticity	heteroscedasticity	NOUN
framr-1734	237	9	test	test	NOUN
framr-1734	237	10	:	:	PUNCT
framr-1734	237	11	breuch	breuch	ADJ
framr-1734	237	12	-	-	PUNCT
framr-1734	237	13	pagan	pagan	VERB
framr-1734	237	14	-	-	PUNCT
framr-1734	237	15	godfrey	godfrey	NOUN
framr-1734	237	16	null	null	ADJ
framr-1734	237	17	hypothesis	hypothesis	NOUN
framr-1734	237	18	:	:	PUNCT
framr-1734	237	19	homoskedasticity	homoskedasticity	NOUN
framr-1734	237	20	f	f	PROPN
framr-1734	237	21	-	-	PUNCT
framr-1734	237	22	statistics	statistics	PROPN
framr-1734	237	23	4.2620	4.2620	NUM
framr-1734	237	24	prob	prob	NOUN
framr-1734	237	25	.	.	PUNCT
framr-1734	238	1	f(5,45	f(5,45	NOUN
framr-1734	238	2	)	)	PUNCT
framr-1734	238	3	0.0029	0.0029	NUM
framr-1734	238	4	obs*r	obs*r	PROPN
framr-1734	238	5	-	-	PUNCT
framr-1734	238	6	squared	square	VERB
framr-1734	238	7	16.3898	16.3898	NUM
framr-1734	238	8	prob	prob	NOUN
framr-1734	238	9	.	.	PUNCT
framr-1734	239	1	chi	chi	PROPN
framr-1734	239	2	-	-	PUNCT
framr-1734	239	3	squared(5	squared(5	PROPN
framr-1734	239	4	)	)	PUNCT
framr-1734	239	5	0.0058	0.0058	NUM
framr-1734	239	6	scaled	scale	VERB
framr-1734	239	7	explained	explain	VERB
framr-1734	239	8	ss	ss	PROPN
framr-1734	239	9	25.3824	25.3824	NUM
framr-1734	239	10	prob	prob	NOUN
framr-1734	239	11	.	.	PUNCT
framr-1734	240	1	chi	chi	PROPN
framr-1734	240	2	-	-	PUNCT
framr-1734	240	3	squared(5	squared(5	PROPN
framr-1734	240	4	)	)	PUNCT
framr-1734	240	5	0.0001	0.0001	NUM
framr-1734	240	6	conversely	conversely	ADV
framr-1734	240	7	,	,	PUNCT
framr-1734	240	8	given	give	VERB
framr-1734	240	9	the	the	DET
framr-1734	240	10	presence	presence	NOUN
framr-1734	240	11	of	of	ADP
framr-1734	240	12	lagged	lag	VERB
framr-1734	240	13	values	value	NOUN
framr-1734	240	14	of	of	ADP
framr-1734	240	15	the	the	DET
framr-1734	240	16	dependent	dependent	ADJ
framr-1734	240	17	variable	variable	NOUN
framr-1734	240	18	as	as	ADP
framr-1734	240	19	regressors	regressor	NOUN
framr-1734	240	20	,	,	PUNCT
framr-1734	240	21	ols	ol	NOUN
framr-1734	240	22	estimation	estimation	NOUN
framr-1734	240	23	of	of	ADP
framr-1734	240	24	the	the	DET
framr-1734	240	25	model	model	NOUN
framr-1734	240	26	that	that	PRON
framr-1734	240	27	already	already	ADV
framr-1734	240	28	present	present	VERB
framr-1734	240	29	itself	itself	PRON
framr-1734	240	30	as	as	ADP
framr-1734	240	31	an	an	DET
framr-1734	240	32	ardl	ardl	NOUN
framr-1734	240	33	model	model	NOUN
framr-1734	240	34	will	will	AUX
framr-1734	240	35	yield	yield	VERB
framr-1734	240	36	biased	biased	ADJ
framr-1734	240	37	coefficient	coefficient	NOUN
framr-1734	240	38	estimates	estimate	NOUN
framr-1734	240	39	;	;	PUNCT
framr-1734	240	40	therefore	therefore	ADV
framr-1734	240	41	,	,	PUNCT
framr-1734	240	42	ardl	ardl	NOUN
framr-1734	240	43	bounds	bound	NOUN
framr-1734	240	44	testing	testing	NOUN
framr-1734	240	45	approach	approach	NOUN
framr-1734	240	46	developed	develop	VERB
framr-1734	240	47	by	by	ADP
framr-1734	240	48	pesaran	pesaran	VERB
framr-1734	240	49	,	,	PUNCT
framr-1734	240	50	shin	shin	NOUN
framr-1734	240	51	,	,	PUNCT
framr-1734	240	52	and	and	CCONJ
framr-1734	240	53	smith	smith	PROPN
framr-1734	240	54	(	(	PUNCT
framr-1734	240	55	2001	2001	NUM
framr-1734	240	56	)	)	PUNCT
framr-1734	240	57	was	be	AUX
framr-1734	240	58	employed	employ	VERB
framr-1734	240	59	to	to	PART
framr-1734	240	60	test	test	VERB
framr-1734	240	61	for	for	ADP
framr-1734	240	62	presence	presence	NOUN
framr-1734	240	63	of	of	ADP
framr-1734	240	64	long	long	ADJ
framr-1734	240	65	run	run	NOUN
framr-1734	240	66	relationship	relationship	NOUN
framr-1734	240	67	among	among	ADP
framr-1734	240	68	the	the	DET
framr-1734	240	69	variables	variable	NOUN
framr-1734	240	70	is	be	AUX
framr-1734	240	71	hereby	hereby	ADV
framr-1734	240	72	required	require	VERB
framr-1734	240	73	.	.	PUNCT
framr-1734	241	1	this	this	DET
framr-1734	241	2	procedure	procedure	NOUN
framr-1734	241	3	,	,	PUNCT
framr-1734	241	4	though	though	SCONJ
framr-1734	241	5	relatively	relatively	ADV
framr-1734	241	6	new	new	ADJ
framr-1734	241	7	method	method	NOUN
framr-1734	241	8	,	,	PUNCT
framr-1734	241	9	has	have	VERB
framr-1734	241	10	many	many	ADJ
framr-1734	241	11	advantages	advantage	NOUN
framr-1734	241	12	over	over	ADP
framr-1734	241	13	the	the	DET
framr-1734	241	14	classical	classical	ADJ
framr-1734	241	15	cointegration	cointegration	NOUN
framr-1734	241	16	tests	test	NOUN
framr-1734	241	17	.	.	PUNCT
framr-1734	242	1	the	the	DET
framr-1734	242	2	bounds	bound	NOUN
framr-1734	242	3	tests	test	NOUN
framr-1734	242	4	suggest	suggest	VERB
framr-1734	242	5	that	that	SCONJ
framr-1734	242	6	the	the	DET
framr-1734	242	7	variables	variable	NOUN
framr-1734	242	8	of	of	ADP
framr-1734	242	9	interest	interest	NOUN
framr-1734	242	10	are	be	AUX
framr-1734	242	11	bound	bind	VERB
framr-1734	242	12	together	together	ADV
framr-1734	242	13	in	in	ADP
framr-1734	242	14	the	the	DET
framr-1734	242	15	long	long	ADV
framr-1734	242	16	-	-	PUNCT
framr-1734	242	17	run	run	VERB
framr-1734	242	18	when	when	SCONJ
framr-1734	242	19	narrow	narrow	ADJ
framr-1734	242	20	money	money	NOUN
framr-1734	242	21	(	(	PUNCT
framr-1734	242	22	m1	m1	NOUN
framr-1734	242	23	)	)	PUNCT
framr-1734	242	24	is	be	AUX
framr-1734	242	25	the	the	DET
framr-1734	242	26	dependent	dependent	ADJ
framr-1734	242	27	variable	variable	NOUN
framr-1734	242	28	.	.	PUNCT
framr-1734	243	1	however	however	ADV
framr-1734	243	2	,	,	PUNCT
framr-1734	243	3	the	the	DET
framr-1734	243	4	f	f	X
framr-1734	243	5	-	-	PUNCT
framr-1734	243	6	statistics	statistic	NOUN
framr-1734	243	7	is	be	AUX
framr-1734	243	8	higher	high	ADJ
framr-1734	243	9	than	than	ADP
framr-1734	243	10	the	the	DET
framr-1734	243	11	critical	critical	ADJ
framr-1734	243	12	values	value	NOUN
framr-1734	243	13	for	for	ADP
framr-1734	243	14	i(0	i(0	PROPN
framr-1734	243	15	)	)	PUNCT
framr-1734	243	16	bound	bind	VERB
framr-1734	243	17	but	but	CCONJ
framr-1734	243	18	lower	low	ADJ
framr-1734	243	19	than	than	ADP
framr-1734	243	20	the	the	DET
framr-1734	243	21	critical	critical	ADJ
framr-1734	243	22	values	value	NOUN
framr-1734	243	23	for	for	ADP
framr-1734	243	24	i(1	i(1	NOUN
framr-1734	243	25	)	)	PUNCT
framr-1734	243	26	bound	bind	VERB
framr-1734	243	27	.	.	PUNCT
framr-1734	244	1	this	this	PRON
framr-1734	244	2	put	put	VERB
framr-1734	244	3	the	the	DET
framr-1734	244	4	study	study	NOUN
framr-1734	244	5	at	at	ADP
framr-1734	244	6	a	a	DET
framr-1734	244	7	crossroad	crossroad	NOUN
framr-1734	244	8	and	and	CCONJ
framr-1734	244	9	as	as	ADV
framr-1734	244	10	well	well	ADV
framr-1734	244	11	reduces	reduce	VERB
framr-1734	244	12	the	the	DET
framr-1734	244	13	possibility	possibility	NOUN
framr-1734	244	14	of	of	ADP
framr-1734	244	15	having	have	VERB
framr-1734	244	16	a	a	DET
framr-1734	244	17	long	long	ADJ
framr-1734	244	18	run	run	NOUN
framr-1734	244	19	speed	speed	NOUN
framr-1734	244	20	of	of	ADP
framr-1734	244	21	adjustment	adjustment	NOUN
framr-1734	244	22	see	see	VERB
framr-1734	244	23	table	table	NOUN
framr-1734	244	24	7	7	NUM
framr-1734	244	25	.	.	PUNCT
framr-1734	244	26	financial	financial	ADJ
framr-1734	244	27	risk	risk	NOUN
framr-1734	244	28	and	and	CCONJ
framr-1734	244	29	management	management	NOUN
framr-1734	244	30	reviews	review	NOUN
framr-1734	244	31	,	,	PUNCT
framr-1734	244	32	2020	2020	NUM
framr-1734	244	33	,	,	PUNCT
framr-1734	244	34	6(1	6(1	NUM
framr-1734	244	35	):	):	PUNCT
framr-1734	244	36	1	1	NUM
framr-1734	244	37	-	-	SYM
framr-1734	244	38	13	13	NUM
framr-1734	244	39	11	11	NUM
framr-1734	244	40	©	©	PROPN
framr-1734	244	41	2020	2020	NUM
framr-1734	244	42	conscientia	conscientia	PROPN
framr-1734	244	43	beam	beam	PROPN
framr-1734	244	44	.	.	PUNCT
framr-1734	245	1	all	all	DET
framr-1734	245	2	rights	right	NOUN
framr-1734	245	3	reserved	reserve	VERB
framr-1734	245	4	.	.	PUNCT
framr-1734	246	1	table-7	table-7	X
framr-1734	246	2	.	.	PUNCT
framr-1734	246	3	cointegration	cointegration	NOUN
framr-1734	246	4	bound	bind	VERB
framr-1734	246	5	test	test	NOUN
framr-1734	246	6	result	result	NOUN
framr-1734	246	7	.	.	PUNCT
framr-1734	247	1	null	null	ADJ
framr-1734	247	2	hypothesis	hypothesis	NOUN
framr-1734	247	3	:	:	PUNCT
framr-1734	247	4	no	no	DET
framr-1734	247	5	long	long	ADV
framr-1734	247	6	-	-	PUNCT
framr-1734	247	7	run	run	NOUN
framr-1734	247	8	relationships	relationship	NOUN
framr-1734	247	9	exist	exist	VERB
framr-1734	247	10	test	test	NOUN
framr-1734	247	11	statistic	statistic	NOUN
framr-1734	247	12	value	value	NOUN
framr-1734	247	13	k	k	PROPN
framr-1734	247	14	f	f	X
framr-1734	247	15	-	-	PUNCT
framr-1734	247	16	statistic	statistic	NOUN
framr-1734	247	17	2.774954	2.774954	NUM
framr-1734	247	18	7	7	NUM
framr-1734	247	19	critical	critical	ADJ
framr-1734	247	20	value	value	NOUN
framr-1734	247	21	bounds	bound	NOUN
framr-1734	247	22	significance	significance	NOUN
framr-1734	247	23	i0	i0	PROPN
framr-1734	247	24	bound	bind	VERB
framr-1734	247	25	i1	i1	PROPN
framr-1734	247	26	bound	bind	VERB
framr-1734	247	27	10	10	NUM
framr-1734	247	28	%	%	NOUN
framr-1734	247	29	1.92	1.92	NUM
framr-1734	247	30	2.89	2.89	NUM
framr-1734	247	31	5	5	NUM
framr-1734	247	32	%	%	NOUN
framr-1734	247	33	2.17	2.17	NUM
framr-1734	247	34	3.21	3.21	NUM
framr-1734	247	35	2.5	2.5	NUM
framr-1734	247	36	%	%	NOUN
framr-1734	247	37	2.43	2.43	NUM
framr-1734	247	38	3.51	3.51	NUM
framr-1734	247	39	1	1	NUM
framr-1734	247	40	%	%	NOUN
framr-1734	247	41	2.73	2.73	NUM
framr-1734	247	42	3.9	3.9	NUM
framr-1734	247	43	table-8	table-8	NOUN
framr-1734	247	44	.	.	PUNCT
framr-1734	248	1	short	short	ADJ
framr-1734	248	2	run	run	NOUN
framr-1734	248	3	coefficients	coefficient	NOUN
framr-1734	248	4	.	.	PUNCT
framr-1734	249	1	variable	variable	ADJ
framr-1734	249	2	coefficient	coefficient	NOUN
framr-1734	249	3	std	std	PROPN
framr-1734	249	4	.	.	NOUN
framr-1734	249	5	error	error	NOUN
framr-1734	249	6	t	t	NOUN
framr-1734	249	7	-	-	PUNCT
framr-1734	249	8	statistic	statistic	NOUN
framr-1734	249	9	prob	prob	NOUN
framr-1734	249	10	.	.	PUNCT
framr-1734	250	1	*	*	PUNCT
framr-1734	250	2	m1(-1	m1(-1	X
framr-1734	250	3	)	)	PUNCT
framr-1734	250	4	0.520696	0.520696	NUM
framr-1734	250	5	0.144168	0.144168	NUM
framr-1734	250	6	3.611735	3.611735	NUM
framr-1734	250	7	0.0023	0.0023	NUM
framr-1734	250	8	m1(-2	m1(-2	NOUN
framr-1734	250	9	)	)	PUNCT
framr-1734	250	10	0.356260	0.356260	NUM
framr-1734	250	11	0.181161	0.181161	NUM
framr-1734	250	12	1.966545	1.966545	NUM
framr-1734	250	13	0.0668	0.0668	NUM
framr-1734	250	14	m1(-3	m1(-3	NOUN
framr-1734	250	15	)	)	PUNCT
framr-1734	250	16	0.143230	0.143230	NUM
framr-1734	250	17	0.169717	0.169717	NUM
framr-1734	250	18	0.843936	0.843936	NUM
framr-1734	250	19	0.4111	0.4111	NUM
framr-1734	250	20	m1(-4	m1(-4	NOUN
framr-1734	250	21	)	)	PUNCT
framr-1734	250	22	-0.353142	-0.353142	NOUN
framr-1734	251	1	0.137008	0.137008	NUM
framr-1734	251	2	-2.577523	-2.577523	NOUN
framr-1734	251	3	0.0202	0.0202	NUM
framr-1734	251	4	exr	exr	PROPN
framr-1734	251	5	3.52e-08	3.52e-08	NUM
framr-1734	251	6	1.28e-08	1.28e-08	NUM
framr-1734	251	7	2.753128	2.753128	NUM
framr-1734	251	8	0.0141	0.0141	NUM
framr-1734	251	9	exr(-1	exr(-1	ADJ
framr-1734	251	10	)	)	PUNCT
framr-1734	251	11	-0.012819	-0.012819	NOUN
framr-1734	251	12	0.131417	0.131417	NUM
framr-1734	251	13	-0.097547	-0.097547	NOUN
framr-1734	251	14	0.9235	0.9235	NUM
framr-1734	251	15	exr(-2	exr(-2	PROPN
framr-1734	251	16	)	)	PUNCT
framr-1734	251	17	0.178571	0.178571	NUM
framr-1734	251	18	0.131438	0.131438	NUM
framr-1734	251	19	1.358594	1.358594	NUM
framr-1734	251	20	0.1931	0.1931	NUM
framr-1734	251	21	inf	inf	NOUN
framr-1734	251	22	-1.210651	-1.210651	NOUN
framr-1734	251	23	0.598870	0.598870	NUM
framr-1734	251	24	-2.021561	-2.021561	NOUN
framr-1734	251	25	0.0603	0.0603	NUM
framr-1734	251	26	inf(-1	inf(-1	ADJ
framr-1734	251	27	)	)	PUNCT
framr-1734	251	28	0.294782	0.294782	NUM
framr-1734	252	1	0.523537	0.523537	NUM
framr-1734	252	2	0.563059	0.563059	NUM
framr-1734	252	3	0.5812	0.5812	NUM
framr-1734	252	4	inf(-2	inf(-2	NOUN
framr-1734	252	5	)	)	PUNCT
framr-1734	252	6	1.550495	1.550495	NUM
framr-1734	252	7	0.420462	0.420462	NUM
framr-1734	252	8	3.687597	3.687597	NUM
framr-1734	252	9	0.0020	0.0020	NUM
framr-1734	252	10	inf(-3	inf(-3	PROPN
framr-1734	252	11	)	)	PUNCT
framr-1734	252	12	-1.445361	-1.445361	VERB
framr-1734	252	13	0.379516	0.379516	NUM
framr-1734	252	14	-3.808434	-3.808434	NOUN
framr-1734	252	15	0.0015	0.0015	NUM
framr-1734	252	16	inf(-4	inf(-4	NOUN
framr-1734	252	17	)	)	PUNCT
framr-1734	252	18	0.943221	0.943221	NUM
framr-1734	252	19	0.306483	0.306483	NUM
framr-1734	252	20	3.077558	3.077558	NUM
framr-1734	252	21	0.0072	0.0072	NUM
framr-1734	252	22	intr	intr	NOUN
framr-1734	252	23	0.057933	0.057933	NUM
framr-1734	252	24	0.092853	0.092853	NUM
framr-1734	252	25	0.623920	0.623920	NUM
framr-1734	252	26	0.5415	0.5415	NUM
framr-1734	252	27	intr(-1	intr(-1	PROPN
framr-1734	252	28	)	)	PUNCT
framr-1734	252	29	0.471100	0.471100	NUM
framr-1734	253	1	0.184822	0.184822	NUM
framr-1734	253	2	2.548939	2.548939	NUM
framr-1734	253	3	0.0214	0.0214	NUM
framr-1734	253	4	intr(-2	intr(-2	NOUN
framr-1734	253	5	)	)	PUNCT
framr-1734	253	6	0.663295	0.663295	NUM
framr-1734	253	7	0.203296	0.203296	NUM
framr-1734	253	8	3.262708	3.262708	NUM
framr-1734	253	9	0.0049	0.0049	NUM
framr-1734	253	10	intr(-3	intr(-3	NOUN
framr-1734	253	11	)	)	PUNCT
framr-1734	253	12	0.295069	0.295069	NUM
framr-1734	253	13	0.145149	0.145149	NUM
framr-1734	253	14	2.032874	2.032874	NUM
framr-1734	253	15	0.0590	0.0590	NUM
framr-1734	253	16	mpr	mpr	NOUN
framr-1734	253	17	-2.993007	-2.993007	NOUN
framr-1734	253	18	2.657931	2.657931	NUM
framr-1734	253	19	-1.126066	-1.126066	NOUN
framr-1734	253	20	0.2767	0.2767	NUM
framr-1734	253	21	mpr(-1	mpr(-1	ADJ
framr-1734	253	22	)	)	PUNCT
framr-1734	253	23	2.521902	2.521902	NUM
framr-1734	253	24	2.968475	2.968475	NUM
framr-1734	253	25	0.849561	0.849561	NUM
framr-1734	253	26	0.4081	0.4081	NUM
framr-1734	253	27	mpr(-2	mpr(-2	NOUN
framr-1734	253	28	)	)	PUNCT
framr-1734	253	29	-7.539781	-7.539781	VERB
framr-1734	253	30	2.080061	2.080061	NUM
framr-1734	253	31	-3.624789	-3.624789	NOUN
framr-1734	253	32	0.0023	0.0023	NUM
framr-1734	253	33	rgdp	rgdp	NOUN
framr-1734	253	34	-0.050160	-0.050160	NOUN
framr-1734	253	35	0.075746	0.075746	NUM
framr-1734	253	36	-0.662211	-0.662211	NOUN
framr-1734	253	37	0.5173	0.5173	NUM
framr-1734	253	38	rgdp(-1	rgdp(-1	NUM
framr-1734	253	39	)	)	PUNCT
framr-1734	253	40	0.126696	0.126696	NUM
framr-1734	253	41	0.083963	0.083963	NUM
framr-1734	253	42	1.508959	1.508959	NUM
framr-1734	253	43	0.1508	0.1508	NUM
framr-1734	253	44	rgdp(-2	rgdp(-2	NOUN
framr-1734	253	45	)	)	PUNCT
framr-1734	253	46	0.121228	0.121228	PROPN
framr-1734	253	47	0.072817	0.072817	NUM
framr-1734	253	48	1.664819	1.664819	NUM
framr-1734	253	49	0.1154	0.1154	NUM
framr-1734	253	50	rgdp(-3	rgdp(-3	ADJ
framr-1734	253	51	)	)	PUNCT
framr-1734	253	52	-0.295891	-0.295891	NOUN
framr-1734	253	53	0.062053	0.062053	NUM
framr-1734	253	54	-4.768385	-4.768385	NOUN
framr-1734	253	55	0.0002	0.0002	NUM
framr-1734	253	56	rgdp(-4	rgdp(-4	NOUN
framr-1734	253	57	)	)	PUNCT
framr-1734	254	1	0.225231	0.225231	NUM
framr-1734	254	2	0.069056	0.069056	NUM
framr-1734	254	3	3.261586	3.261586	NUM
framr-1734	254	4	0.0049	0.0049	NUM
framr-1734	254	5	sdr	sdr	NOUN
framr-1734	254	6	-0.959672	-0.959672	PROPN
framr-1734	254	7	4.750367	4.750367	NUM
framr-1734	254	8	-0.202021	-0.202021	NOUN
framr-1734	255	1	0.8424	0.8424	NUM
framr-1734	255	2	sdr(-1	sdr(-1	PROPN
framr-1734	255	3	)	)	PUNCT
framr-1734	255	4	5.942464	5.942464	NUM
framr-1734	255	5	4.959648	4.959648	NUM
framr-1734	255	6	1.198163	1.198163	NUM
framr-1734	255	7	0.2483	0.2483	NUM
framr-1734	255	8	tby	tby	NOUN
framr-1734	255	9	2.919892	2.919892	NUM
framr-1734	255	10	1.440714	1.440714	NUM
framr-1734	255	11	2.026699	2.026699	NUM
framr-1734	255	12	0.0597	0.0597	NUM
framr-1734	255	13	tby(-1	tby(-1	VERB
framr-1734	255	14	)	)	PUNCT
framr-1734	255	15	-2.475186	-2.475186	X
framr-1734	255	16	1.335124	1.335124	NUM
framr-1734	255	17	-1.853900	-1.853900	NOUN
framr-1734	255	18	0.0823	0.0823	NUM
framr-1734	255	19	tby(-2	tby(-2	NOUN
framr-1734	255	20	)	)	PUNCT
framr-1734	255	21	2.528519	2.528519	NUM
framr-1734	255	22	1.212742	1.212742	NUM
framr-1734	255	23	2.084960	2.084960	NUM
framr-1734	255	24	0.0535	0.0535	NUM
framr-1734	255	25	tby(-3	tby(-3	ADJ
framr-1734	255	26	)	)	PUNCT
framr-1734	255	27	-0.274169	-0.274169	VERB
framr-1734	255	28	0.919491	0.919491	NUM
framr-1734	255	29	-0.298175	-0.298175	NOUN
framr-1734	255	30	0.7694	0.7694	NUM
framr-1734	255	31	tby(-4	tby(-4	NOUN
framr-1734	255	32	)	)	PUNCT
framr-1734	255	33	1.881673	1.881673	NUM
framr-1734	255	34	0.832242	0.832242	NUM
framr-1734	255	35	2.260970	2.260970	NUM
framr-1734	255	36	0.0380	0.0380	NUM
framr-1734	255	37	c	c	X
framr-1734	255	38	2.430520	2.430520	NUM
framr-1734	255	39	3.622738	3.622738	NUM
framr-1734	255	40	0.670907	0.670907	NUM
framr-1734	255	41	0.5118	0.5118	NUM
framr-1734	255	42	r	r	X
framr-1734	255	43	-	-	PUNCT
framr-1734	255	44	squared	square	VERB
framr-1734	255	45	0.994485	0.994485	NUM
framr-1734	255	46	mean	mean	NOUN
framr-1734	255	47	dependent	dependent	ADJ
framr-1734	255	48	var	var	NOUN
framr-1734	255	49	15.65916	15.65916	NUM
framr-1734	255	50	adjusted	adjust	VERB
framr-1734	255	51	r	r	NOUN
framr-1734	255	52	-	-	PUNCT
framr-1734	255	53	squared	square	VERB
framr-1734	255	54	0.983801	0.983801	NUM
framr-1734	255	55	s.d	s.d	PROPN
framr-1734	255	56	.	.	PUNCT
framr-1734	255	57	dependent	dependent	ADJ
framr-1734	255	58	var	var	PROPN
framr-1734	255	59	0.420080	0.420080	NUM
framr-1734	255	60	s.e	s.e	PROPN
framr-1734	255	61	.	.	PROPN
framr-1734	255	62	of	of	ADP
framr-1734	255	63	regression	regression	NOUN
framr-1734	255	64	0.053466	0.053466	NUM
framr-1734	255	65	akaike	akaike	ADJ
framr-1734	255	66	info	info	NOUN
framr-1734	255	67	criterion	criterion	NOUN
framr-1734	255	68	-2.784809	-2.784809	NOUN
framr-1734	255	69	sum	sum	NOUN
framr-1734	255	70	squared	square	VERB
framr-1734	255	71	resid	resid	NOUN
framr-1734	255	72	0.045738	0.045738	NUM
framr-1734	255	73	schwarz	schwarz	NOUN
framr-1734	255	74	criterion	criterion	NOUN
framr-1734	255	75	-1.537341	-1.537341	NOUN
framr-1734	255	76	log	log	PROPN
framr-1734	255	77	likelihood	likelihood	NOUN
framr-1734	255	78	98.83541	98.83541	NUM
framr-1734	255	79	hannan	hannan	PROPN
framr-1734	255	80	-	-	PUNCT
framr-1734	255	81	quinn	quinn	PROPN
framr-1734	255	82	criter	criter	NOUN
framr-1734	255	83	.	.	PUNCT
framr-1734	256	1	-2.313389	-2.313389	NOUN
framr-1734	257	1	f	f	NOUN
framr-1734	257	2	-	-	PUNCT
framr-1734	257	3	statistic	statistic	ADJ
framr-1734	257	4	93.07605	93.07605	NUM
framr-1734	257	5	durbin	durbin	ADJ
framr-1734	257	6	-	-	PUNCT
framr-1734	257	7	watson	watson	NOUN
framr-1734	257	8	stat	stat	PROPN
framr-1734	257	9	2.455294	2.455294	NUM
framr-1734	257	10	prob(f	prob(f	NOUN
framr-1734	257	11	-	-	PUNCT
framr-1734	257	12	statistic	statistic	NOUN
framr-1734	257	13	)	)	PUNCT
framr-1734	257	14	0.000000	0.000000	NUM
framr-1734	257	15	financial	financial	ADJ
framr-1734	257	16	risk	risk	NOUN
framr-1734	257	17	and	and	CCONJ
framr-1734	257	18	management	management	NOUN
framr-1734	257	19	reviews	review	NOUN
framr-1734	257	20	,	,	PUNCT
framr-1734	257	21	2020	2020	NUM
framr-1734	257	22	,	,	PUNCT
framr-1734	257	23	6(1	6(1	NUM
framr-1734	257	24	):	):	PUNCT
framr-1734	257	25	1	1	NUM
framr-1734	257	26	-	-	SYM
framr-1734	257	27	13	13	NUM
framr-1734	257	28	12	12	NUM
framr-1734	257	29	©	©	PROPN
framr-1734	257	30	2020	2020	NUM
framr-1734	257	31	conscientia	conscientia	PROPN
framr-1734	257	32	beam	beam	PROPN
framr-1734	257	33	.	.	PUNCT
framr-1734	258	1	all	all	DET
framr-1734	258	2	rights	right	NOUN
framr-1734	258	3	reserved	reserve	VERB
framr-1734	258	4	.	.	PUNCT
framr-1734	259	1	table-9	table-9	NOUN
framr-1734	259	2	.	.	PUNCT
framr-1734	260	1	long	long	ADJ
framr-1734	260	2	run	run	NOUN
framr-1734	260	3	coefficients	coefficient	NOUN
framr-1734	260	4	.	.	PUNCT
framr-1734	261	1	variable	variable	ADJ
framr-1734	261	2	coefficient	coefficient	NOUN
framr-1734	261	3	std	std	PROPN
framr-1734	261	4	.	.	NOUN
framr-1734	261	5	error	error	NOUN
framr-1734	261	6	t	t	NOUN
framr-1734	261	7	-	-	PUNCT
framr-1734	261	8	statistic	statistic	NOUN
framr-1734	261	9	prob	prob	NOUN
framr-1734	261	10	.	.	PUNCT
framr-1734	262	1	exr	exr	PROPN
framr-1734	263	1	0.497820	0.497820	NUM
framr-1734	263	2	0.409780	0.409780	NUM
framr-1734	263	3	1.214846	1.214846	NUM
framr-1734	263	4	0.2420	0.2420	NUM
framr-1734	263	5	inf	inf	NOUN
framr-1734	263	6	0.397905	0.397905	VERB
framr-1734	263	7	0.547759	0.547759	NUM
framr-1734	263	8	0.726424	0.726424	NUM
framr-1734	263	9	0.4781	0.4781	NUM
framr-1734	264	1	intr	intr	VERB
framr-1734	264	2	4.467253	4.467253	NUM
framr-1734	265	1	2.489339	2.489339	NUM
framr-1734	265	2	1.794554	1.794554	NUM
framr-1734	265	3	0.0916	0.0916	NUM
framr-1734	265	4	mpr	mpr	NOUN
framr-1734	265	5	-24.059928	-24.059928	PUNCT
framr-1734	265	6	16.212286	16.212286	NUM
framr-1734	265	7	-1.484055	-1.484055	NOUN
framr-1734	265	8	0.1572	0.1572	NUM
framr-1734	265	9	rgdp	rgdp	NOUN
framr-1734	265	10	0.381746	0.381746	NUM
framr-1734	265	11	0.581028	0.581028	NUM
framr-1734	265	12	0.657018	0.657018	NUM
framr-1734	265	13	0.5205	0.5205	NUM
framr-1734	265	14	sdr	sdr	NUM
framr-1734	265	15	14.965340	14.965340	NUM
framr-1734	265	16	16.491210	16.491210	NUM
framr-1734	265	17	0.907474	0.907474	NUM
framr-1734	265	18	0.3776	0.3776	NUM
framr-1734	265	19	tby	tby	NOUN
framr-1734	265	20	13.757783	13.757783	NUM
framr-1734	265	21	10.071146	10.071146	NUM
framr-1734	265	22	1.366059	1.366059	NUM
framr-1734	265	23	0.1908	0.1908	NUM
framr-1734	265	24	c	c	NOUN
framr-1734	265	25	7.299834	7.299834	NUM
framr-1734	265	26	11.024655	11.024655	NUM
framr-1734	265	27	0.662137	0.662137	NUM
framr-1734	265	28	0.5173	0.5173	NUM
framr-1734	265	29	4.4	4.4	NUM
framr-1734	265	30	.	.	PUNCT
framr-1734	266	1	policy	policy	NOUN
framr-1734	266	2	implication	implication	NOUN
framr-1734	266	3	the	the	DET
framr-1734	266	4	findings	finding	NOUN
framr-1734	266	5	of	of	ADP
framr-1734	266	6	this	this	DET
framr-1734	266	7	study	study	NOUN
framr-1734	266	8	reveal	reveal	VERB
framr-1734	266	9	that	that	SCONJ
framr-1734	266	10	movements	movement	NOUN
framr-1734	266	11	in	in	ADP
framr-1734	266	12	the	the	DET
framr-1734	266	13	prior	prior	ADJ
framr-1734	266	14	(	(	PUNCT
framr-1734	266	15	lagged	lag	VERB
framr-1734	266	16	)	)	PUNCT
framr-1734	266	17	values	value	NOUN
framr-1734	266	18	together	together	ADV
framr-1734	266	19	with	with	ADP
framr-1734	266	20	movements	movement	NOUN
framr-1734	266	21	in	in	ADP
framr-1734	266	22	real	real	ADJ
framr-1734	266	23	gdp	gdp	NOUN
framr-1734	266	24	,	,	PUNCT
framr-1734	266	25	inflation	inflation	NOUN
framr-1734	266	26	,	,	PUNCT
framr-1734	266	27	exchange	exchange	NOUN
framr-1734	266	28	rate	rate	NOUN
framr-1734	266	29	and	and	CCONJ
framr-1734	266	30	savings	saving	NOUN
framr-1734	266	31	deposit	deposit	NOUN
framr-1734	266	32	rate	rate	NOUN
framr-1734	266	33	can	can	AUX
framr-1734	266	34	explain	explain	VERB
framr-1734	266	35	to	to	ADP
framr-1734	266	36	a	a	DET
framr-1734	266	37	great	great	ADJ
framr-1734	266	38	extent	extent	NOUN
framr-1734	266	39	changes	change	NOUN
framr-1734	266	40	in	in	ADP
framr-1734	266	41	money	money	NOUN
framr-1734	266	42	demand	demand	NOUN
framr-1734	266	43	in	in	ADP
framr-1734	266	44	nigeria	nigeria	PROPN
framr-1734	266	45	.	.	PUNCT
framr-1734	267	1	the	the	DET
framr-1734	267	2	direction	direction	NOUN
framr-1734	267	3	(	(	PUNCT
framr-1734	267	4	sign	sign	NOUN
framr-1734	267	5	)	)	PUNCT
framr-1734	267	6	of	of	ADP
framr-1734	267	7	variables	variable	NOUN
framr-1734	267	8	like	like	ADP
framr-1734	267	9	real	real	ADJ
framr-1734	267	10	gdp	gdp	NOUN
framr-1734	267	11	,	,	PUNCT
framr-1734	267	12	inflation	inflation	NOUN
framr-1734	267	13	,	,	PUNCT
framr-1734	267	14	and	and	CCONJ
framr-1734	267	15	savings	saving	NOUN
framr-1734	267	16	deposit	deposit	NOUN
framr-1734	267	17	rate	rate	NOUN
framr-1734	267	18	conform	conform	VERB
framr-1734	267	19	to	to	ADP
framr-1734	267	20	expectations	expectation	NOUN
framr-1734	267	21	.	.	PUNCT
framr-1734	268	1	the	the	DET
framr-1734	268	2	findings	finding	NOUN
framr-1734	268	3	suggest	suggest	VERB
framr-1734	268	4	that	that	SCONJ
framr-1734	268	5	the	the	DET
framr-1734	268	6	government	government	NOUN
framr-1734	268	7	,	,	PUNCT
framr-1734	268	8	through	through	ADP
framr-1734	268	9	the	the	DET
framr-1734	268	10	central	central	ADJ
framr-1734	268	11	bank	bank	NOUN
framr-1734	268	12	,	,	PUNCT
framr-1734	268	13	should	should	AUX
framr-1734	268	14	employ	employ	VERB
framr-1734	268	15	balanced	balanced	ADJ
framr-1734	268	16	policies	policy	NOUN
framr-1734	268	17	that	that	PRON
framr-1734	268	18	encourage	encourage	VERB
framr-1734	268	19	economic	economic	ADJ
framr-1734	268	20	units	unit	NOUN
framr-1734	268	21	to	to	PART
framr-1734	268	22	exhibit	exhibit	VERB
framr-1734	268	23	more	more	ADJ
framr-1734	268	24	confidence	confidence	NOUN
framr-1734	268	25	in	in	ADP
framr-1734	268	26	naira	naira	ADJ
framr-1734	268	27	assets	asset	NOUN
framr-1734	268	28	as	as	ADP
framr-1734	268	29	against	against	ADP
framr-1734	268	30	foreign	foreign	ADJ
framr-1734	268	31	assets	asset	NOUN
framr-1734	268	32	and	and	CCONJ
framr-1734	268	33	stem	stem	VERB
framr-1734	268	34	the	the	DET
framr-1734	268	35	rate	rate	NOUN
framr-1734	268	36	of	of	ADP
framr-1734	268	37	dollarization	dollarization	NOUN
framr-1734	268	38	of	of	ADP
framr-1734	268	39	the	the	DET
framr-1734	268	40	economy	economy	NOUN
framr-1734	268	41	.	.	PUNCT
framr-1734	269	1	5	5	X
framr-1734	269	2	.	.	X
framr-1734	269	3	conclusion	conclusion	VERB
framr-1734	269	4	the	the	DET
framr-1734	269	5	findings	finding	NOUN
framr-1734	269	6	of	of	ADP
framr-1734	269	7	this	this	DET
framr-1734	269	8	study	study	NOUN
framr-1734	269	9	reveals	reveal	VERB
framr-1734	269	10	that	that	SCONJ
framr-1734	269	11	movements	movement	NOUN
framr-1734	269	12	in	in	ADP
framr-1734	269	13	the	the	DET
framr-1734	269	14	prior	prior	ADJ
framr-1734	269	15	(	(	PUNCT
framr-1734	269	16	lagged	lag	VERB
framr-1734	269	17	)	)	PUNCT
framr-1734	269	18	values	value	NOUN
framr-1734	269	19	together	together	ADV
framr-1734	269	20	with	with	ADP
framr-1734	269	21	movements	movement	NOUN
framr-1734	269	22	in	in	ADP
framr-1734	269	23	real	real	ADJ
framr-1734	269	24	gdp	gdp	NOUN
framr-1734	269	25	,	,	PUNCT
framr-1734	269	26	inflation	inflation	NOUN
framr-1734	269	27	,	,	PUNCT
framr-1734	269	28	exchange	exchange	NOUN
framr-1734	269	29	rate	rate	NOUN
framr-1734	269	30	and	and	CCONJ
framr-1734	269	31	savings	saving	NOUN
framr-1734	269	32	deposit	deposit	NOUN
framr-1734	269	33	rate	rate	NOUN
framr-1734	269	34	can	can	AUX
framr-1734	269	35	explain	explain	VERB
framr-1734	269	36	to	to	ADP
framr-1734	269	37	a	a	DET
framr-1734	269	38	great	great	ADJ
framr-1734	269	39	extent	extent	NOUN
framr-1734	269	40	changes	change	NOUN
framr-1734	269	41	in	in	ADP
framr-1734	269	42	money	money	NOUN
framr-1734	269	43	demand	demand	NOUN
framr-1734	269	44	in	in	ADP
framr-1734	269	45	nigeria	nigeria	PROPN
framr-1734	269	46	.	.	PUNCT
framr-1734	270	1	of	of	ADP
framr-1734	270	2	particular	particular	ADJ
framr-1734	270	3	interest	interest	NOUN
framr-1734	270	4	is	be	AUX
framr-1734	270	5	the	the	DET
framr-1734	270	6	positive	positive	ADJ
framr-1734	270	7	movement	movement	NOUN
framr-1734	270	8	in	in	ADP
framr-1734	270	9	exchange	exchange	NOUN
framr-1734	270	10	rate	rate	NOUN
framr-1734	270	11	.	.	PUNCT
framr-1734	271	1	exchange	exchange	NOUN
framr-1734	271	2	rate	rate	NOUN
framr-1734	271	3	increases	increase	NOUN
framr-1734	271	4	as	as	ADP
framr-1734	271	5	demand	demand	NOUN
framr-1734	271	6	for	for	ADP
framr-1734	271	7	money	money	NOUN
framr-1734	271	8	increases	increase	NOUN
framr-1734	271	9	,	,	PUNCT
framr-1734	271	10	suggesting	suggest	VERB
framr-1734	271	11	that	that	SCONJ
framr-1734	271	12	more	more	ADJ
framr-1734	271	13	of	of	ADP
framr-1734	271	14	money	money	NOUN
framr-1734	271	15	demanded	demand	VERB
framr-1734	271	16	finds	find	VERB
framr-1734	271	17	its	its	PRON
framr-1734	271	18	way	way	NOUN
framr-1734	271	19	to	to	ADP
framr-1734	271	20	the	the	DET
framr-1734	271	21	foreign	foreign	ADJ
framr-1734	271	22	exchange	exchange	NOUN
framr-1734	271	23	market	market	NOUN
framr-1734	271	24	.	.	PUNCT
framr-1734	272	1	citizens	citizen	NOUN
framr-1734	272	2	may	may	AUX
framr-1734	272	3	have	have	AUX
framr-1734	272	4	been	be	AUX
framr-1734	272	5	replacing	replace	VERB
framr-1734	272	6	naira	naira	ADJ
framr-1734	272	7	cash	cash	NOUN
framr-1734	272	8	assets	asset	NOUN
framr-1734	272	9	with	with	ADP
framr-1734	272	10	dollar	dollar	NOUN
framr-1734	272	11	cash	cash	NOUN
framr-1734	272	12	assets	asset	NOUN
framr-1734	272	13	.	.	PUNCT
framr-1734	273	1	the	the	DET
framr-1734	273	2	findings	finding	NOUN
framr-1734	273	3	from	from	ADP
framr-1734	273	4	the	the	DET
framr-1734	273	5	study	study	NOUN
framr-1734	273	6	suggest	suggest	VERB
framr-1734	273	7	that	that	SCONJ
framr-1734	273	8	the	the	DET
framr-1734	273	9	government	government	NOUN
framr-1734	273	10	,	,	PUNCT
framr-1734	273	11	through	through	ADP
framr-1734	273	12	the	the	DET
framr-1734	273	13	central	central	ADJ
framr-1734	273	14	bank	bank	NOUN
framr-1734	273	15	,	,	PUNCT
framr-1734	273	16	should	should	AUX
framr-1734	273	17	employ	employ	VERB
framr-1734	273	18	balanced	balanced	ADJ
framr-1734	273	19	policies	policy	NOUN
framr-1734	273	20	that	that	PRON
framr-1734	273	21	encourage	encourage	VERB
framr-1734	273	22	economic	economic	ADJ
framr-1734	273	23	units	unit	NOUN
framr-1734	273	24	to	to	PART
framr-1734	273	25	exhibit	exhibit	VERB
framr-1734	273	26	more	more	ADJ
framr-1734	273	27	confidence	confidence	NOUN
framr-1734	273	28	in	in	ADP
framr-1734	273	29	naira	naira	ADJ
framr-1734	273	30	assets	asset	NOUN
framr-1734	273	31	as	as	ADP
framr-1734	273	32	against	against	ADP
framr-1734	273	33	foreign	foreign	ADJ
framr-1734	273	34	assets	asset	NOUN
framr-1734	273	35	and	and	CCONJ
framr-1734	273	36	stem	stem	VERB
framr-1734	273	37	the	the	DET
framr-1734	273	38	rate	rate	NOUN
framr-1734	273	39	of	of	ADP
framr-1734	273	40	dollarization	dollarization	NOUN
framr-1734	273	41	of	of	ADP
framr-1734	273	42	the	the	DET
framr-1734	273	43	economy	economy	NOUN
framr-1734	273	44	.	.	PUNCT
framr-1734	274	1	the	the	DET
framr-1734	274	2	study	study	NOUN
framr-1734	274	3	concludes	conclude	VERB
framr-1734	274	4	that	that	SCONJ
framr-1734	274	5	demand	demand	NOUN
framr-1734	274	6	for	for	ADP
framr-1734	274	7	narrow	narrow	ADJ
framr-1734	274	8	money	money	NOUN
framr-1734	274	9	in	in	ADP
framr-1734	274	10	nigeria	nigeria	PROPN
framr-1734	274	11	is	be	AUX
framr-1734	274	12	influenced	influence	VERB
framr-1734	274	13	by	by	ADP
framr-1734	274	14	past	past	ADJ
framr-1734	274	15	demand	demand	NOUN
framr-1734	274	16	as	as	ADV
framr-1734	274	17	well	well	ADV
framr-1734	274	18	as	as	ADP
framr-1734	274	19	level	level	NOUN
framr-1734	274	20	of	of	ADP
framr-1734	274	21	income	income	NOUN
framr-1734	274	22	,	,	PUNCT
framr-1734	274	23	inflation	inflation	NOUN
framr-1734	274	24	,	,	PUNCT
framr-1734	274	25	exchange	exchange	NOUN
framr-1734	274	26	rate	rate	NOUN
framr-1734	274	27	and	and	CCONJ
framr-1734	274	28	savings	saving	NOUN
framr-1734	274	29	rate	rate	NOUN
framr-1734	274	30	.	.	PUNCT
framr-1734	275	1	interbank	interbank	NOUN
framr-1734	275	2	lending	lending	NOUN
framr-1734	275	3	rate	rate	NOUN
framr-1734	275	4	and	and	CCONJ
framr-1734	275	5	mpr	mpr	NOUN
framr-1734	275	6	do	do	AUX
framr-1734	275	7	not	not	PART
framr-1734	275	8	have	have	VERB
framr-1734	275	9	influence	influence	NOUN
framr-1734	275	10	on	on	ADP
framr-1734	275	11	the	the	DET
framr-1734	275	12	level	level	NOUN
framr-1734	275	13	of	of	ADP
framr-1734	275	14	money	money	NOUN
framr-1734	275	15	demand	demand	NOUN
framr-1734	275	16	.	.	PUNCT
framr-1734	276	1	6	6	X
framr-1734	276	2	.	.	PUNCT
framr-1734	276	3	recommendations	recommendation	NOUN
framr-1734	276	4	given	give	VERB
framr-1734	276	5	the	the	DET
framr-1734	276	6	findings	finding	NOUN
framr-1734	276	7	in	in	ADP
framr-1734	276	8	this	this	DET
framr-1734	276	9	study	study	NOUN
framr-1734	276	10	,	,	PUNCT
framr-1734	276	11	the	the	DET
framr-1734	276	12	following	follow	VERB
framr-1734	276	13	recommendations	recommendation	NOUN
framr-1734	276	14	are	be	AUX
framr-1734	276	15	proffered	proffer	VERB
framr-1734	276	16	:	:	PUNCT
framr-1734	276	17	the	the	DET
framr-1734	276	18	monetary	monetary	ADJ
framr-1734	276	19	authorities	authority	NOUN
framr-1734	276	20	,	,	PUNCT
framr-1734	276	21	the	the	DET
framr-1734	276	22	central	central	ADJ
framr-1734	276	23	bank	bank	PROPN
framr-1734	276	24	of	of	ADP
framr-1734	276	25	nigeria	nigeria	PROPN
framr-1734	276	26	,	,	PUNCT
framr-1734	276	27	should	should	AUX
framr-1734	276	28	employ	employ	VERB
framr-1734	276	29	balanced	balanced	ADJ
framr-1734	276	30	policies	policy	NOUN
framr-1734	276	31	that	that	PRON
framr-1734	276	32	encourage	encourage	VERB
framr-1734	276	33	economic	economic	ADJ
framr-1734	276	34	units	unit	NOUN
framr-1734	276	35	to	to	PART
framr-1734	276	36	exhibit	exhibit	VERB
framr-1734	276	37	more	more	ADJ
framr-1734	276	38	confidence	confidence	NOUN
framr-1734	276	39	in	in	ADP
framr-1734	276	40	naira	naira	ADJ
framr-1734	276	41	assets	asset	NOUN
framr-1734	276	42	as	as	ADP
framr-1734	276	43	against	against	ADP
framr-1734	276	44	foreign	foreign	ADJ
framr-1734	276	45	assets	asset	NOUN
framr-1734	276	46	and	and	CCONJ
framr-1734	276	47	stem	stem	VERB
framr-1734	276	48	the	the	DET
framr-1734	276	49	rate	rate	NOUN
framr-1734	276	50	of	of	ADP
framr-1734	276	51	dollarization	dollarization	NOUN
framr-1734	276	52	of	of	ADP
framr-1734	276	53	the	the	DET
framr-1734	276	54	economy	economy	NOUN
framr-1734	276	55	the	the	DET
framr-1734	276	56	central	central	ADJ
framr-1734	276	57	bank	bank	PROPN
framr-1734	276	58	of	of	ADP
framr-1734	276	59	nigeria	nigeria	PROPN
framr-1734	276	60	should	should	AUX
framr-1734	276	61	develop	develop	VERB
framr-1734	276	62	come	come	VERB
framr-1734	276	63	with	with	ADP
framr-1734	276	64	an	an	DET
framr-1734	276	65	efficient	efficient	ADJ
framr-1734	276	66	policy	policy	NOUN
framr-1734	276	67	around	around	ADP
framr-1734	276	68	the	the	DET
framr-1734	276	69	components	component	NOUN
framr-1734	276	70	of	of	ADP
framr-1734	276	71	narrow	narrow	ADJ
framr-1734	276	72	money	money	NOUN
framr-1734	276	73	(	(	PUNCT
framr-1734	276	74	that	that	PRON
framr-1734	276	75	is	is	ADV
framr-1734	276	76	,	,	PUNCT
framr-1734	276	77	currency	currency	NOUN
framr-1734	276	78	in	in	ADP
framr-1734	276	79	circulation	circulation	NOUN
framr-1734	276	80	and	and	CCONJ
framr-1734	276	81	demand	demand	NOUN
framr-1734	276	82	deposit	deposit	NOUN
framr-1734	276	83	)	)	PUNCT
framr-1734	276	84	to	to	PART
framr-1734	276	85	curb	curb	VERB
framr-1734	276	86	the	the	DET
framr-1734	276	87	level	level	NOUN
framr-1734	276	88	of	of	ADP
framr-1734	276	89	inflation	inflation	NOUN
framr-1734	276	90	in	in	ADP
framr-1734	276	91	the	the	DET
framr-1734	276	92	country	country	NOUN
framr-1734	276	93	.	.	PUNCT
framr-1734	277	1	funding	funding	NOUN
framr-1734	277	2	:	:	PUNCT
framr-1734	277	3	this	this	DET
framr-1734	277	4	study	study	NOUN
framr-1734	277	5	received	receive	VERB
framr-1734	277	6	no	no	DET
framr-1734	277	7	specific	specific	ADJ
framr-1734	277	8	financial	financial	ADJ
framr-1734	277	9	support	support	NOUN
framr-1734	277	10	.	.	PUNCT
framr-1734	278	1	competing	compete	VERB
framr-1734	278	2	interests	interest	NOUN
framr-1734	278	3	:	:	PUNCT
framr-1734	278	4	the	the	DET
framr-1734	278	5	authors	author	NOUN
framr-1734	278	6	declare	declare	VERB
framr-1734	278	7	that	that	SCONJ
framr-1734	278	8	they	they	PRON
framr-1734	278	9	have	have	VERB
framr-1734	278	10	no	no	DET
framr-1734	278	11	competing	compete	VERB
framr-1734	278	12	interests	interest	NOUN
framr-1734	278	13	.	.	PUNCT
framr-1734	279	1	acknowledgement	acknowledgement	NOUN
framr-1734	279	2	:	:	PUNCT
framr-1734	279	3	both	both	DET
framr-1734	279	4	authors	author	NOUN
framr-1734	279	5	contributed	contribute	VERB
framr-1734	279	6	equally	equally	ADV
framr-1734	279	7	to	to	ADP
framr-1734	279	8	the	the	DET
framr-1734	279	9	conception	conception	NOUN
framr-1734	279	10	and	and	CCONJ
framr-1734	279	11	design	design	NOUN
framr-1734	279	12	of	of	ADP
framr-1734	279	13	the	the	DET
framr-1734	279	14	study	study	NOUN
framr-1734	279	15	.	.	PUNCT
framr-1734	280	1	references	reference	NOUN
framr-1734	280	2	baumol	baumol	PROPN
framr-1734	280	3	,	,	PUNCT
framr-1734	280	4	w.	w.	PROPN
framr-1734	280	5	j.	j.	PROPN
framr-1734	280	6	(	(	PUNCT
framr-1734	280	7	1952	1952	NUM
framr-1734	280	8	)	)	PUNCT
framr-1734	280	9	.	.	PUNCT
framr-1734	281	1	the	the	DET
framr-1734	281	2	transactions	transaction	NOUN
framr-1734	281	3	demand	demand	NOUN
framr-1734	281	4	for	for	ADP
framr-1734	281	5	cash	cash	NOUN
framr-1734	281	6	:	:	PUNCT
framr-1734	281	7	an	an	DET
framr-1734	281	8	inventory	inventory	NOUN
framr-1734	281	9	theoretic	theoretic	NOUN
framr-1734	281	10	approach	approach	NOUN
framr-1734	281	11	.	.	PUNCT
framr-1734	282	1	the	the	DET
framr-1734	282	2	quarterly	quarterly	ADJ
framr-1734	282	3	journal	journal	NOUN
framr-1734	282	4	of	of	ADP
framr-1734	282	5	economics	economic	NOUN
framr-1734	282	6	,	,	PUNCT
framr-1734	282	7	66(4	66(4	NUM
framr-1734	282	8	)	)	PUNCT
framr-1734	282	9	,	,	PUNCT
framr-1734	282	10	545	545	NUM
framr-1734	282	11	-	-	SYM
framr-1734	282	12	556	556	NUM
framr-1734	282	13	.	.	PUNCT
framr-1734	282	14	available	available	ADJ
framr-1734	282	15	at	at	ADP
framr-1734	282	16	:	:	PUNCT
framr-1734	282	17	https://doi.org/10.2307/1882104	https://doi.org/10.2307/1882104	PROPN
framr-1734	282	18	.	.	PUNCT
framr-1734	283	1	ben	ben	PROPN
framr-1734	283	2	-	-	PUNCT
framr-1734	283	3	salha	salha	NOUN
framr-1734	283	4	,	,	PUNCT
framr-1734	283	5	o.	o.	PROPN
framr-1734	283	6	,	,	PUNCT
framr-1734	283	7	&	&	CCONJ
framr-1734	283	8	jaidi	jaidi	PROPN
framr-1734	283	9	,	,	PUNCT
framr-1734	283	10	z.	z.	PROPN
framr-1734	283	11	(	(	PUNCT
framr-1734	283	12	2014	2014	NUM
framr-1734	283	13	)	)	PUNCT
framr-1734	283	14	.	.	PUNCT
framr-1734	284	1	some	some	DET
framr-1734	284	2	new	new	ADJ
framr-1734	284	3	evidence	evidence	NOUN
framr-1734	284	4	on	on	ADP
framr-1734	284	5	the	the	DET
framr-1734	284	6	determinants	determinant	NOUN
framr-1734	284	7	of	of	ADP
framr-1734	284	8	money	money	NOUN
framr-1734	284	9	demand	demand	NOUN
framr-1734	284	10	in	in	ADP
framr-1734	284	11	developing	develop	VERB
framr-1734	284	12	countries	country	NOUN
framr-1734	284	13	–	–	PUNCT
framr-1734	284	14	a	a	DET
framr-1734	284	15	case	case	NOUN
framr-1734	284	16	study	study	NOUN
framr-1734	284	17	of	of	ADP
framr-1734	284	18	tunisia	tunisia	PROPN
framr-1734	284	19	.	.	PUNCT
framr-1734	285	1	the	the	DET
framr-1734	285	2	journal	journal	NOUN
framr-1734	285	3	of	of	ADP
framr-1734	285	4	economic	economic	ADJ
framr-1734	285	5	asymmetries	asymmetry	NOUN
framr-1734	285	6	,	,	PUNCT
framr-1734	285	7	11	11	NUM
framr-1734	285	8	,	,	PUNCT
framr-1734	285	9	30	30	NUM
framr-1734	285	10	-	-	SYM
framr-1734	285	11	45	45	NUM
framr-1734	285	12	.	.	PUNCT
framr-1734	285	13	available	available	ADJ
framr-1734	285	14	at	at	ADP
framr-1734	285	15	:	:	PUNCT
framr-1734	285	16	https://doi.org/10.1016/j.jeca.2014.06.001	https://doi.org/10.1016/j.jeca.2014.06.001	PROPN
framr-1734	285	17	.	.	PUNCT
framr-1734	286	1	financial	financial	ADJ
framr-1734	286	2	risk	risk	NOUN
framr-1734	286	3	and	and	CCONJ
framr-1734	286	4	management	management	NOUN
framr-1734	286	5	reviews	review	NOUN
framr-1734	286	6	,	,	PUNCT
framr-1734	286	7	2020	2020	NUM
framr-1734	286	8	,	,	PUNCT
framr-1734	286	9	6(1	6(1	NUM
framr-1734	286	10	):	):	PUNCT
framr-1734	286	11	1	1	NUM
framr-1734	286	12	-	-	SYM
framr-1734	286	13	13	13	NUM
framr-1734	286	14	13	13	NUM
framr-1734	286	15	©	©	PROPN
framr-1734	286	16	2020	2020	NUM
framr-1734	286	17	conscientia	conscientia	PROPN
framr-1734	286	18	beam	beam	PROPN
framr-1734	286	19	.	.	PUNCT
framr-1734	287	1	all	all	DET
framr-1734	287	2	rights	right	NOUN
framr-1734	287	3	reserved	reserve	VERB
framr-1734	287	4	.	.	PUNCT
framr-1734	288	1	bhattarai	bhattarai	PROPN
framr-1734	288	2	,	,	PUNCT
framr-1734	288	3	k.	k.	PROPN
framr-1734	288	4	(	(	PUNCT
framr-1734	288	5	2014	2014	NUM
framr-1734	288	6	)	)	PUNCT
framr-1734	288	7	.	.	PUNCT
framr-1734	289	1	money	money	NOUN
framr-1734	289	2	and	and	CCONJ
framr-1734	289	3	economic	economic	ADJ
framr-1734	289	4	growth	growth	NOUN
framr-1734	289	5	.	.	PUNCT
framr-1734	290	1	the	the	DET
framr-1734	290	2	journal	journal	NOUN
framr-1734	290	3	of	of	ADP
framr-1734	290	4	economic	economic	ADJ
framr-1734	290	5	asymmetries	asymmetry	NOUN
framr-1734	290	6	on	on	ADP
framr-1734	290	7	science	science	NOUN
framr-1734	290	8	direct	direct	ADJ
framr-1734	290	9	,	,	PUNCT
framr-1734	290	10	11(june	11(june	NUM
framr-1734	290	11	)	)	PUNCT
framr-1734	290	12	,	,	PUNCT
framr-1734	290	13	8	8	NUM
framr-1734	290	14	-	-	SYM
framr-1734	290	15	18	18	NUM
framr-1734	290	16	.	.	PUNCT
framr-1734	290	17	busari	busari	PROPN
framr-1734	290	18	,	,	PUNCT
framr-1734	290	19	d.	d.	PROPN
framr-1734	290	20	(	(	PUNCT
framr-1734	290	21	2005	2005	NUM
framr-1734	290	22	)	)	PUNCT
framr-1734	290	23	.	.	PUNCT
framr-1734	291	1	on	on	ADP
framr-1734	291	2	the	the	DET
framr-1734	291	3	stability	stability	NOUN
framr-1734	291	4	of	of	ADP
framr-1734	291	5	money	money	NOUN
framr-1734	291	6	demand	demand	NOUN
framr-1734	291	7	function	function	NOUN
framr-1734	291	8	in	in	ADP
framr-1734	291	9	nigeria	nigeria	PROPN
framr-1734	291	10	.	.	PUNCT
framr-1734	292	1	financial	financial	ADJ
framr-1734	292	2	and	and	CCONJ
framr-1734	292	3	economic	economic	ADJ
framr-1734	292	4	review	review	NOUN
framr-1734	292	5	,	,	PUNCT
framr-1734	292	6	cbn	cbn	PROPN
framr-1734	292	7	.	.	PUNCT
framr-1734	293	1	central	central	PROPN
framr-1734	293	2	bank	bank	PROPN
framr-1734	293	3	of	of	ADP
framr-1734	293	4	nigeria	nigeria	PROPN
framr-1734	293	5	(	(	PUNCT
framr-1734	293	6	cbn	cbn	PROPN
framr-1734	293	7	)	)	PUNCT
framr-1734	293	8	.	.	PUNCT
framr-1734	294	1	(	(	PUNCT
framr-1734	294	2	2018	2018	NUM
framr-1734	294	3	)	)	PUNCT
framr-1734	294	4	.	.	PUNCT
framr-1734	295	1	banks	bank	NOUN
framr-1734	295	2	and	and	CCONJ
framr-1734	295	3	other	other	ADJ
framr-1734	295	4	financial	financial	ADJ
framr-1734	295	5	institutions	institution	NOUN
framr-1734	295	6	act	act	VERB
framr-1734	295	7	1991	1991	NUM
framr-1734	295	8	(	(	PUNCT
framr-1734	295	9	as	as	SCONJ
framr-1734	295	10	amended	amend	VERB
framr-1734	295	11	in	in	ADP
framr-1734	295	12	1997	1997	NUM
framr-1734	295	13	,	,	PUNCT
framr-1734	295	14	1998	1998	NUM
framr-1734	295	15	,	,	PUNCT
framr-1734	295	16	1999	1999	NUM
framr-1734	295	17	and	and	CCONJ
framr-1734	295	18	2002	2002	NUM
framr-1734	295	19	.	.	PUNCT
framr-1734	296	1	darrat	darrat	NOUN
framr-1734	296	2	,	,	PUNCT
framr-1734	296	3	a.	a.	PROPN
framr-1734	296	4	f.	f.	PROPN
framr-1734	296	5	(	(	PUNCT
framr-1734	296	6	1986	1986	NUM
framr-1734	296	7	)	)	PUNCT
framr-1734	296	8	.	.	PUNCT
framr-1734	297	1	money	money	NOUN
framr-1734	297	2	,	,	PUNCT
framr-1734	297	3	inflation	inflation	NOUN
framr-1734	297	4	,	,	PUNCT
framr-1734	297	5	and	and	CCONJ
framr-1734	297	6	causality	causality	NOUN
framr-1734	297	7	in	in	ADP
framr-1734	297	8	the	the	DET
framr-1734	297	9	north	north	ADJ
framr-1734	297	10	african	african	ADJ
framr-1734	297	11	countries	country	NOUN
framr-1734	297	12	:	:	PUNCT
framr-1734	297	13	an	an	DET
framr-1734	297	14	empirical	empirical	ADJ
framr-1734	297	15	investigation	investigation	NOUN
framr-1734	297	16	.	.	PUNCT
framr-1734	298	1	journal	journal	NOUN
framr-1734	298	2	of	of	ADP
framr-1734	298	3	macroeconomics	macroeconomic	NOUN
framr-1734	298	4	,	,	PUNCT
framr-1734	298	5	8(1	8(1	NOUN
framr-1734	298	6	)	)	PUNCT
framr-1734	298	7	,	,	PUNCT
framr-1734	298	8	87	87	NUM
framr-1734	298	9	-	-	SYM
framr-1734	298	10	103	103	NUM
framr-1734	298	11	.	.	PUNCT
framr-1734	298	12	available	available	ADJ
framr-1734	298	13	at	at	ADP
framr-1734	298	14	:	:	PUNCT
framr-1734	298	15	https://doi.org/10.1016/0164-0704(86)90035-2	https://doi.org/10.1016/0164-0704(86)90035-2	PROPN
framr-1734	298	16	.	.	PROPN
framr-1734	298	17	dou	dou	NOUN
framr-1734	298	18	,	,	PUNCT
framr-1734	298	19	x.	x.	NOUN
framr-1734	298	20	(	(	PUNCT
framr-1734	298	21	2018	2018	NUM
framr-1734	298	22	)	)	PUNCT
framr-1734	298	23	.	.	PUNCT
framr-1734	299	1	the	the	DET
framr-1734	299	2	determinants	determinant	NOUN
framr-1734	299	3	of	of	ADP
framr-1734	299	4	money	money	NOUN
framr-1734	299	5	demand	demand	NOUN
framr-1734	299	6	in	in	ADP
framr-1734	299	7	china	china	PROPN
framr-1734	299	8	.	.	PUNCT
framr-1734	300	1	cogent	cogent	NOUN
framr-1734	300	2	economics	economics	PROPN
framr-1734	300	3	&	&	CCONJ
framr-1734	300	4	finance	finance	PROPN
framr-1734	300	5	,	,	PUNCT
framr-1734	300	6	6(1	6(1	NUM
framr-1734	300	7	)	)	PUNCT
framr-1734	300	8	,	,	PUNCT
framr-1734	300	9	1564422	1564422	NUM
framr-1734	300	10	.	.	PUNCT
framr-1734	301	1	essien	essien	PROPN
framr-1734	301	2	,	,	PUNCT
framr-1734	301	3	e.	e.	PROPN
framr-1734	301	4	a.	a.	PROPN
framr-1734	301	5	,	,	PUNCT
framr-1734	301	6	onwioduokit	onwioduokit	NOUN
framr-1734	301	7	,	,	PUNCT
framr-1734	301	8	e.	e.	PROPN
framr-1734	301	9	a.	a.	PROPN
framr-1734	301	10	,	,	PUNCT
framr-1734	301	11	&	&	CCONJ
framr-1734	301	12	osho	osho	PROPN
framr-1734	301	13	,	,	PUNCT
framr-1734	301	14	e.	e.	PROPN
framr-1734	301	15	t.	t.	PROPN
framr-1734	301	16	(	(	PUNCT
framr-1734	301	17	1996	1996	NUM
framr-1734	301	18	)	)	PUNCT
framr-1734	301	19	.	.	PUNCT
framr-1734	302	1	demand	demand	NOUN
framr-1734	302	2	for	for	ADP
framr-1734	302	3	money	money	NOUN
framr-1734	302	4	in	in	ADP
framr-1734	302	5	a	a	DET
framr-1734	302	6	debt	debt	NOUN
framr-1734	302	7	-	-	PUNCT
framr-1734	302	8	constrained	constrain	VERB
framr-1734	302	9	economy	economy	NOUN
framr-1734	302	10	:	:	PUNCT
framr-1734	302	11	a	a	DET
framr-1734	302	12	case	case	NOUN
framr-1734	302	13	study	study	NOUN
framr-1734	302	14	of	of	ADP
framr-1734	302	15	nigeria	nigeria	PROPN
framr-1734	302	16	.	.	PUNCT
framr-1734	303	1	economic	economic	ADJ
framr-1734	303	2	and	and	CCONJ
framr-1734	303	3	financial	financial	ADJ
framr-1734	303	4	review	review	NOUN
framr-1734	303	5	,	,	PUNCT
framr-1734	303	6	34(2	34(2	NUM
framr-1734	303	7	)	)	PUNCT
framr-1734	303	8	,	,	PUNCT
framr-1734	303	9	579	579	NUM
framr-1734	303	10	-	-	SYM
framr-1734	303	11	605	605	NUM
framr-1734	303	12	.	.	PUNCT
framr-1734	304	1	friedman	friedman	PROPN
framr-1734	304	2	,	,	PUNCT
framr-1734	304	3	m.	m.	NOUN
framr-1734	304	4	(	(	PUNCT
framr-1734	304	5	1956	1956	NUM
framr-1734	304	6	)	)	PUNCT
framr-1734	304	7	.	.	PUNCT
framr-1734	305	1	the	the	DET
framr-1734	305	2	quantity	quantity	NOUN
framr-1734	305	3	theory	theory	NOUN
framr-1734	305	4	of	of	ADP
framr-1734	305	5	money	money	NOUN
framr-1734	305	6	–	–	PUNCT
framr-1734	305	7	a	a	DET
framr-1734	305	8	restatement	restatement	NOUN
framr-1734	305	9	in	in	ADP
framr-1734	305	10	m.	m.	PROPN
framr-1734	305	11	friedman	friedman	PROPN
framr-1734	305	12	.	.	PUNCT
framr-1734	306	1	studies	study	NOUN
framr-1734	306	2	in	in	ADP
framr-1734	306	3	quantity	quantity	NOUN
framr-1734	306	4	theory	theory	NOUN
framr-1734	306	5	of	of	ADP
framr-1734	306	6	money	money	NOUN
framr-1734	306	7	:	:	PUNCT
framr-1734	306	8	chicago	chicago	PROPN
framr-1734	306	9	university	university	PROPN
framr-1734	306	10	press	press	NOUN
framr-1734	306	11	.	.	PUNCT
framr-1734	307	1	iyoboyi	iyoboyi	PROPN
framr-1734	307	2	,	,	PUNCT
framr-1734	307	3	m.	m.	NOUN
framr-1734	307	4	,	,	PUNCT
framr-1734	307	5	&	&	CCONJ
framr-1734	307	6	pedro	pedro	PROPN
framr-1734	307	7	,	,	PUNCT
framr-1734	307	8	l.	l.	PROPN
framr-1734	307	9	m.	m.	PROPN
framr-1734	307	10	(	(	PUNCT
framr-1734	307	11	2013	2013	NUM
framr-1734	307	12	)	)	PUNCT
framr-1734	307	13	.	.	PUNCT
framr-1734	308	1	the	the	DET
framr-1734	308	2	demand	demand	NOUN
framr-1734	308	3	for	for	ADP
framr-1734	308	4	money	money	NOUN
framr-1734	308	5	in	in	ADP
framr-1734	308	6	nigeria	nigeria	PROPN
framr-1734	308	7	:	:	PUNCT
framr-1734	308	8	evidence	evidence	NOUN
framr-1734	308	9	from	from	ADP
framr-1734	308	10	bounds	bound	NOUN
framr-1734	308	11	testing	testing	NOUN
framr-1734	308	12	approach	approach	NOUN
framr-1734	308	13	.	.	PUNCT
framr-1734	309	1	business	business	NOUN
framr-1734	309	2	and	and	CCONJ
framr-1734	309	3	economics	economic	NOUN
framr-1734	309	4	journal	journal	NOUN
framr-1734	309	5	,	,	PUNCT
framr-1734	309	6	2013	2013	NUM
framr-1734	309	7	,	,	PUNCT
framr-1734	309	8	bej-76	bej-76	PROPN
framr-1734	309	9	.	.	PROPN
framr-1734	309	10	keynes	keynes	PROPN
framr-1734	309	11	,	,	PUNCT
framr-1734	309	12	j.	j.	PROPN
framr-1734	309	13	m.	m.	PROPN
framr-1734	309	14	(	(	PUNCT
framr-1734	309	15	1930	1930	NUM
framr-1734	309	16	)	)	PUNCT
framr-1734	309	17	.	.	PUNCT
framr-1734	310	1	the	the	DET
framr-1734	310	2	general	general	ADJ
framr-1734	310	3	theory	theory	NOUN
framr-1734	310	4	of	of	ADP
framr-1734	310	5	employment	employment	NOUN
framr-1734	310	6	,	,	PUNCT
framr-1734	310	7	interest	interest	NOUN
framr-1734	310	8	and	and	CCONJ
framr-1734	310	9	money	money	NOUN
framr-1734	310	10	:	:	PUNCT
framr-1734	310	11	john	john	PROPN
framr-1734	310	12	maynard	maynard	PROPN
framr-1734	310	13	keynes	keynes	PROPN
framr-1734	310	14	.	.	PUNCT
framr-1734	311	1	pesaran	pesaran	PROPN
framr-1734	311	2	,	,	PUNCT
framr-1734	311	3	m.	m.	PROPN
framr-1734	311	4	h.	h.	PROPN
framr-1734	311	5	,	,	PUNCT
framr-1734	311	6	shin	shin	PROPN
framr-1734	311	7	,	,	PUNCT
framr-1734	311	8	y.	y.	PROPN
framr-1734	311	9	,	,	PUNCT
framr-1734	311	10	&	&	CCONJ
framr-1734	311	11	smith	smith	PROPN
framr-1734	311	12	,	,	PUNCT
framr-1734	311	13	r.	r.	PROPN
framr-1734	311	14	j.	j.	PROPN
framr-1734	311	15	(	(	PUNCT
framr-1734	311	16	2001	2001	NUM
framr-1734	311	17	)	)	PUNCT
framr-1734	311	18	.	.	PUNCT
framr-1734	312	1	bounds	bound	VERB
framr-1734	312	2	testing	test	VERB
framr-1734	312	3	approaches	approach	NOUN
framr-1734	312	4	to	to	ADP
framr-1734	312	5	the	the	DET
framr-1734	312	6	analysis	analysis	NOUN
framr-1734	312	7	of	of	ADP
framr-1734	312	8	level	level	NOUN
framr-1734	312	9	relationships	relationship	NOUN
framr-1734	312	10	.	.	PUNCT
framr-1734	313	1	journal	journal	NOUN
framr-1734	313	2	of	of	ADP
framr-1734	313	3	applied	applied	ADJ
framr-1734	313	4	econometrics	econometric	NOUN
framr-1734	313	5	,	,	PUNCT
framr-1734	313	6	16(3	16(3	NOUN
framr-1734	313	7	)	)	PUNCT
framr-1734	313	8	,	,	PUNCT
framr-1734	313	9	289	289	NUM
framr-1734	313	10	-	-	SYM
framr-1734	313	11	326	326	NUM
framr-1734	313	12	.	.	PUNCT
framr-1734	313	13	available	available	ADJ
framr-1734	313	14	at	at	ADP
framr-1734	313	15	:	:	PUNCT
framr-1734	313	16	https://doi.org/10.1002/jae.616	https://doi.org/10.1002/jae.616	PROPN
framr-1734	313	17	.	.	PUNCT
framr-1734	314	1	research	research	PROPN
framr-1734	314	2	department	department	PROPN
framr-1734	314	3	central	central	PROPN
framr-1734	314	4	bank	bank	PROPN
framr-1734	314	5	of	of	ADP
framr-1734	314	6	nigeria	nigeria	PROPN
framr-1734	314	7	.	.	PUNCT
framr-1734	315	1	(	(	PUNCT
framr-1734	315	2	2016	2016	NUM
framr-1734	315	3	)	)	PUNCT
framr-1734	315	4	.	.	PUNCT
framr-1734	316	1	monetary	monetary	ADJ
framr-1734	316	2	policy	policy	NOUN
framr-1734	316	3	education	education	NOUN
framr-1734	316	4	in	in	ADP
framr-1734	316	5	economic	economic	ADJ
framr-1734	316	6	series	series	NOUN
framr-1734	316	7	,	,	PUNCT
framr-1734	316	8	2	2	NUM
framr-1734	316	9	.	.	PUNCT
framr-1734	317	1	nigeria	nigeria	PROPN
framr-1734	317	2	:	:	PUNCT
framr-1734	317	3	central	central	PROPN
framr-1734	317	4	bank	bank	PROPN
framr-1734	317	5	pf	pf	PROPN
framr-1734	317	6	nigeria	nigeria	PROPN
framr-1734	317	7	.	.	PUNCT
framr-1734	318	1	tobin	tobin	PROPN
framr-1734	318	2	,	,	PUNCT
framr-1734	318	3	j.	j.	PROPN
framr-1734	318	4	(	(	PUNCT
framr-1734	318	5	1956	1956	NUM
framr-1734	318	6	)	)	PUNCT
framr-1734	318	7	.	.	PUNCT
framr-1734	319	1	the	the	DET
framr-1734	319	2	interest	interest	NOUN
framr-1734	319	3	-	-	PUNCT
framr-1734	319	4	elasticity	elasticity	NOUN
framr-1734	319	5	of	of	ADP
framr-1734	319	6	transactions	transaction	NOUN
framr-1734	319	7	demand	demand	NOUN
framr-1734	319	8	for	for	ADP
framr-1734	319	9	cash	cash	NOUN
framr-1734	319	10	.	.	PUNCT
framr-1734	320	1	the	the	DET
framr-1734	320	2	review	review	NOUN
framr-1734	320	3	of	of	ADP
framr-1734	320	4	economics	economic	NOUN
framr-1734	320	5	and	and	CCONJ
framr-1734	320	6	statistics	statistic	NOUN
framr-1734	320	7	,	,	PUNCT
framr-1734	320	8	38(3	38(3	NUM
framr-1734	320	9	)	)	PUNCT
framr-1734	320	10	,	,	PUNCT
framr-1734	320	11	241	241	NUM
framr-1734	320	12	-	-	SYM
framr-1734	320	13	247	247	NUM
framr-1734	320	14	.	.	PUNCT
framr-1734	321	1	views	view	NOUN
framr-1734	321	2	and	and	CCONJ
framr-1734	321	3	opinions	opinion	NOUN
framr-1734	321	4	expressed	express	VERB
framr-1734	321	5	in	in	ADP
framr-1734	321	6	this	this	DET
framr-1734	321	7	article	article	NOUN
framr-1734	321	8	are	be	AUX
framr-1734	321	9	the	the	DET
framr-1734	321	10	views	view	NOUN
framr-1734	321	11	and	and	CCONJ
framr-1734	321	12	opinions	opinion	NOUN
framr-1734	321	13	of	of	ADP
framr-1734	321	14	the	the	DET
framr-1734	321	15	author(s	author(s	NOUN
framr-1734	321	16	)	)	PUNCT
framr-1734	321	17	,	,	PUNCT
framr-1734	321	18	financial	financial	ADJ
framr-1734	321	19	risk	risk	NOUN
framr-1734	321	20	and	and	CCONJ
framr-1734	321	21	management	management	NOUN
framr-1734	321	22	reviews	review	NOUN
framr-1734	321	23	shall	shall	AUX
framr-1734	321	24	not	not	PART
framr-1734	321	25	be	be	AUX
framr-1734	321	26	responsible	responsible	ADJ
framr-1734	321	27	or	or	CCONJ
framr-1734	321	28	answerable	answerable	ADJ
framr-1734	321	29	for	for	ADP
framr-1734	321	30	any	any	DET
framr-1734	321	31	loss	loss	NOUN
framr-1734	321	32	,	,	PUNCT
framr-1734	321	33	damage	damage	NOUN
framr-1734	321	34	or	or	CCONJ
framr-1734	321	35	liability	liability	NOUN
framr-1734	321	36	etc	etc	X
framr-1734	321	37	.	.	X
framr-1734	322	1	caused	cause	VERB
framr-1734	322	2	in	in	ADP
framr-1734	322	3	relation	relation	NOUN
framr-1734	322	4	to	to	PART
framr-1734	322	5	/	/	PUNCT
framr-1734	322	6	arising	arise	VERB
framr-1734	322	7	out	out	ADP
framr-1734	322	8	of	of	ADP
framr-1734	322	9	the	the	DET
framr-1734	322	10	use	use	NOUN
framr-1734	322	11	of	of	ADP
framr-1734	322	12	the	the	DET
framr-1734	322	13	content	content	NOUN
framr-1734	322	14	.	.	PUNCT