Excess Liquidity and Effectiveness of Monetary Policy : Evidence from Sub-Saharan Africa

Evidence from Sub-Saharan Africa

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 exceed levels required for precautionary purposes.... READ MORE...

Publication date: May 2006
ISBN 9781451863758
$15.00

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