The Gambia : demand for broad money and implications for monetary policy conduct /

This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data qualit...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Sriram, Subramanian S. (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/192.
Temas:
Demand for money > Gambia > Econometric models.
Monetary policy > Gambia > Econometric models.
Banks and banking > Gambia > Econometric models.
Monnaie > Demande > Gambie > Modèles économétriques.
Politique monétaire > Gambie > Modèles économétriques.
Banks and banking > Econometric models
Demand for money > Econometric models
Monetary policy > Econometric models
Gambia
Acceso en línea:Texto completo
Descripción
Sumario:This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data quality contribute to the instability. The authorities may need to apply the monetary targeting regime flexibly in the overall objective of preserving price stability. A possible option for The Gambia is to become an inflation targeter lite.
Descripción Física:1 online resource (41 pages) : illustrations
Bibliografía:Includes bibliographical references (pages 26-29).
ISBN:1451917635
9781451917635

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