Excess liquidity and effectiveness of monetary policy : evidence from Sub-Saharan Africa /

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity exce...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Saxegaard, Magnus (Autor)
Autor Corporativo: International Monetary Fund. African Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, African Dept., 2006.
Colección:IMF working paper ; WP/06/115.
Temas:
Monetary policy > Africa, Sub-Saharan > Econometric models.
Liquidity (Economics) > Econometric models.
Politique monétaire > Afrique subsaharienne > Modèles économétriques.
Liquidité (Économie politique) > Modèles économétriques.
Liquidity (Economics) > Econometric models
Monetary policy > Econometric models
Sub-Saharan Africa
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. SOME STYLIZED FACTS ON RESERVE REQUIREMENTS AND EXCESS LIQUIDITY IN AFRICAN COUNTRIES
  • III. MEASUREMENT OF EXCESS LIQUIDITY
  • IV. EXCESS BANK LIQUIDITY AND MONETARY POLICY TRANSMISSION MECHANISM
  • V. SUMMARY AND POLICY IMPLICATIONS
  • References

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