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

Demand for Broad Money and Implications for Monetary Policy Conduct

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 quality contribute to the instability. The... READ MORE...

Publication date: September 2009
ISBN 9781451873399
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