03894nam 2200637Ia 450 991046371540332120170817212551.01-4623-5475-01-4527-7528-197866128440101-4518-7339-51-282-84401-6(CKB)3170000000056170(EBL)1608423(SSID)ssj0000939892(PQKBManifestationID)11512670(PQKBTitleCode)TC0000939892(PQKBWorkID)10937982(PQKB)10987447(OCoLC)649428871(MiAaPQ)EBC1608423(EXLCZ)99317000000005617020091117d2009 uf 0engur|n|---|||||txtccrThe Gambia[electronic resource] demand for broad money and implications for monetary policy conduct /prepared by Subramanian S. Sriram[Washington. D.C.] International Monetary Fund, African Dept.20091 online resource (43 p.)IMF working paper ;WP/09/192"September 2009".1-4519-1763-5 Contents; I. Introduction; II. Country Characteristics, Macroeconomic Performance, and Financial Sector Development; A. Country Characteristics; B. Macroeconomic Performance; Figures; 1. Real GDP Growth, 1988-2007; 2. Average Inflation, 1988-2007; C. Financial Sector Development; 3. Exchange Rate Developments, 1988-2007; 4. Real Lending Rates and Interest Rate Spreads, 1988-2007; 5. Measures of Financial Deepening, 1988-2007; III. Present Monetary Policy Framework; 6. Reserve Requirements, 2001-07; 7. Rediscount Rate, 2001-07; IV. Model Specification; A. General FrameworkB. Model Specification for Long-Run Demand for Real M2 in The GambiaFunctional relationship; Justification on selection of variables; Expected signs of coefficients; V. Estimation of Long-Run Demand for Real M2; A. Unit Root Tests; B. Cointegration Tests; Text Tables; 1. Unit Root Test Results; 2. Cointegration and Weak-Exogeneity Test Results; VI. Policy Implicatoins; 8. Money Multiplier, January 1988-June 2007; 9. Growth in Broad Money and Inflation, January 1988-June 2007; 3. De Jure Monetary Policy Frameworks in Sub-Saharan Africa; VII. Conclusions; References; Appendices1. Financial Sector Developments, 1985-June 20072. Reserve Requirements in Various Countries, 2008; 3. Data Specifications and Data Sources; 4. Graphical Representation of Various Variables Employed; 5. Diagnostic Test Results for the Cointegration Relationship; 6 Graphical Presentation of Diagnostic Test Results; 7. Parameter Constancy Tests; 8. Chow TestsThis 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.IMF working paper ;WP/09/192.Money supplyGambiaMonetary policyGambiaInflation (Finance)GambiaElectronic books.Money supplyMonetary policyInflation (Finance)336.54Sriram Subramanian S919878International Monetary Fund.African Dept.MiAaPQMiAaPQMiAaPQBOOK9910463715403321The Gambia2063229UNINA01172nam 22004093 450 991015187390332120200520144314.09957-606-63-8(CKB)3820000000021141(EBL)3343656(MiAaPQ)EBC3343656(EXLCZ)99382000000002114120130303d2010 my |araur|n|---|||||rdacontentrdamediardacarrierIlah al-naft£ wa-al-mawt riwayah /Adil Jabarti880-03al-T£abah al-ula.Bayrut :Dar al-Farabi lil-Nashr wa-al-Tawzi,2010.1 online resource (88 p.)Description based upon print version of record.9953-71-426-6 الجزء الأول; الجزء الثانيNovel.MODERN AGEARABIC NOVELS813.03JabartiAdil1761394Al Manhal FZLLC.MiAaPQMiAaPQMiAaPQBOOK9910151873903321Ilah al-naft£ wa-al-mawt4200822UNINA