The Gambia Demand for Broad Money and Implications for Monetary Policy Conduct

Author/creator Sriram, Subramanian S. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description57 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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.
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Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451917635
ISBN1451917635 (E-Book) Active Record
Stock number00013468

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