01189nam 2200349 450 991013683340332120231206165426.01-5044-0489-0(CKB)3710000000627662(NjHacI)993710000000627662(EXLCZ)99371000000062766220231206d1961 uy 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierASA C37.41-1962 ASA American Standard Design Tests for Distribution Cutouts and Fuse Links, Secondary Fuses, Distribution Enclosed Single Pole Air Switches, Power Fuses, Fuse Disconnecting Switches, and Accessories /Institute of Electrical and Electronics Engineers[Place of publication not identified] :IEEE,1961.1 online resourceASA C37.41-1962Terms and phrasesTerms and phrasesPeriodicalsTerms and phrases.Terms and phrases418NjHacINjHaclDOCUMENT9910136833403321ASA C37.41-19623646691UNINA04542oam 22011774 450 991096874970332120251116183917.0978661382639897814623366921462336698978145278344414527834469781283513944128351394397814519090981451909098(CKB)3360000000443630(EBL)3014348(SSID)ssj0000940758(PQKBManifestationID)11528528(PQKBTitleCode)TC0000940758(PQKBWorkID)10955516(PQKB)11217938(OCoLC)449992447(MiAaPQ)EBC3014348(IMF)WPIEE2006115(IMF)WPIEA2006115WPIEA2006115(EXLCZ)99336000000044363020020129d2006 uf 0engur|n|---|||||txtccrExcess Liquidity and Effectiveness of Monetary Policy : Evidence from Sub-Saharan Africa /Magnus Saxegaard1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (52 p.)IMF Working Papers"May 2006."9781451863758 1451863756 Includes bibliographical references.""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""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. It proposes a methodology for measuring this quantity and uses it to estimate a nonlinear structural VAR model for the CEMAC region, Nigeria and Uganda. The study suggests that excess liquidity weakens the monetary policy transmission mechanism and thus the ability of monetary authorities to influence demand conditions in the economy.IMF Working Papers; Working Paper ;No. 2006/115Monetary policyAfrica, Sub-SaharanEconometric modelsLiquidity (Economics)Econometric modelsBankingimfBanks and BankingimfBanks and bankingimfBanksimfCommercial banksimfDepository InstitutionsimfEconomicsimfExcess liquidityimfFinanceimfFinance: GeneralimfInvestment DecisionsimfLiquidityimfMicro Finance InstitutionsimfMonetary economicsimfMonetary PolicyimfMonetary policyimfMonetary transmission mechanismimfMoney and Monetary PolicyimfMortgagesimfPortfolio ChoiceimfReserve requirementsimfNigeriaimfMonetary policyEconometric models.Liquidity (Economics)Econometric models.BankingBanks and BankingBanks and bankingBanksCommercial banksDepository InstitutionsEconomicsExcess liquidityFinanceFinance: GeneralInvestment DecisionsLiquidityMicro Finance InstitutionsMonetary economicsMonetary PolicyMonetary policyMonetary transmission mechanismMoney and Monetary PolicyMortgagesPortfolio ChoiceReserve requirementsSaxegaard Magnus1816355International Monetary Fund.African Department.DcWaIMFBOOK9910968749703321Excess Liquidity and Effectiveness of Monetary Policy4372831UNINA