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Al-Badi, Fahad K. A., author Fan, Liang-Shing, advisor Kling, Robert W., committee member Mushinski, David, committee member Olienyk, John P., committee member 2026-05-19T18:02:42Z 2002 https://hdl.handle.net/10217/244569 https://doi.org/10.25675/3.027018 Missing page 71. The main purpose of this study is to examine the role of institutional developments on the behavior of the demand for money and velocity of money. The ability of policy makers in Saudi Arabia to conduct effective monetary policy has been discussed. This study has investigated the effect of institutional and structural changes on the behavior and stability the demand for money and velocity of money in Saudi Arabia from 1969 to 1999. The study has also surveyed the financial sector's development and structural changes. Further, the functional relationships between the demand for money and the velocity of money and their determinants, including financial institutional development, has been also investigated and tested. The historical review of the developments of the financial system in Saudi Arabia has shown that economic growth has resulted in a rapid expansion of the financial system, thus increasing the demand for more banking services. It has also shown that the Saudi Arabia Monetary Agency (SAMA) has played a major role in the development of the Saudi financial system. The descriptive analysis of the data on real demand for money aim velocity of money in Chapter Five provides strong evidence of a change in the pattern of money supply behavior. The statistical results strongly indicate that the level of income and the degree of financial development determine the real demand for money and velocity of money behavior. The major innovation of the study is the inclusion of the degree of financial development in the examination. The results indicate that significant is played by financial development. The study also shows that the interest rate does not play a significant role. From our discussion in Chapter Four. SAMA plays many roles in Saudi Arabia's financial sector. These roles could have contradictory objectives. An important topic for future research may be "Should SAMA be left to concentrate on sound monetary policy and effective exchange rate policy by giving up other functions?" doctoral dissertations English eng Colorado State University. Libraries 2000-2019 Copyright and other restrictions may apply. User is responsible for compliance with all applicable laws. For information about copyright law, please see https://libguides.colostate.edu/copyright. Per the terms of a contractual agreement, all use of this item is limited to the non-commercial use of Colorado State University and its authorized users. studies technological change causality hypotheses alliances variables copyright aggregates Institutional changes, money demand, and monetary policy: the case of Saudi Arabia Text Doctor of Philosophy (Ph.D.) Doctoral Economics Colorado State University This Item is protected by copyright and/or related rights (https://rightsstatements.org/vocab/InC/1.0/). You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s). open.access