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200 10$aHis Maiesties message sent to the Parliament April 8. 1642$b[electronic resource] $econcerning his resolution to go into Ireland for suppressing the rebels there
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300   $aWing number C2446 cancelled in Wing (CD-ROM, 1996); changed to C2448B.
300   $aReproduction of original in the Huntington Library.
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607   $aGreat Britain$xHistory$yCharles I, 1625-1649
607   $aIreland$xHistory$yRebellion of 1641
607   $aGreat Britain$xHistory$yCivil War, 1642-1649
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181   $ctxt
182   $cc
183   $acr
200 10$aExcess Liquidity and Effectiveness of Monetary Policy : $eEvidence from Sub-Saharan Africa /$fMagnus Saxegaard
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (52 p.)
225 1 $aIMF Working Papers
300   $a"May 2006."
311 08$a9781451863758 
311 08$a1451863756 
320   $aIncludes bibliographical references.
327   $a""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""
330 3 $aThis paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a methodology for measuring this quantity and uses it to estimate a nonlinear structural VAR model for the CEMAC region, Nigeria and Uganda. The study suggests that excess liquidity weakens the monetary policy transmission mechanism and thus the ability of monetary authorities to influence demand conditions in the economy.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/115
606   $aMonetary policy$zAfrica, Sub-Saharan$xEconometric models
606   $aLiquidity (Economics)$xEconometric models
606   $aBanking$2imf
606   $aBanks and Banking$2imf
606   $aBanks and banking$2imf
606   $aBanks$2imf
606   $aCommercial banks$2imf
606   $aDepository Institutions$2imf
606   $aEconomics$2imf
606   $aExcess liquidity$2imf
606   $aFinance$2imf
606   $aFinance: General$2imf
606   $aInvestment Decisions$2imf
606   $aLiquidity$2imf
606   $aMicro Finance Institutions$2imf
606   $aMonetary economics$2imf
606   $aMonetary Policy$2imf
606   $aMonetary policy$2imf
606   $aMonetary transmission mechanism$2imf
606   $aMoney and Monetary Policy$2imf
606   $aMortgages$2imf
606   $aPortfolio Choice$2imf
606   $aReserve requirements$2imf
607   $aNigeria$2imf
615  0$aMonetary policy$xEconometric models.
615  0$aLiquidity (Economics)$xEconometric models.
615  7$aBanking
615  7$aBanks and Banking
615  7$aBanks and banking
615  7$aBanks
615  7$aCommercial banks
615  7$aDepository Institutions
615  7$aEconomics
615  7$aExcess liquidity
615  7$aFinance
615  7$aFinance: General
615  7$aInvestment Decisions
615  7$aLiquidity
615  7$aMicro Finance Institutions
615  7$aMonetary economics
615  7$aMonetary Policy
615  7$aMonetary policy
615  7$aMonetary transmission mechanism
615  7$aMoney and Monetary Policy
615  7$aMortgages
615  7$aPortfolio Choice
615  7$aReserve requirements
700   $aSaxegaard$b Magnus$01816355
712 02$aInternational Monetary Fund.$bAfrican Department.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910968749703321
996   $aExcess Liquidity and Effectiveness of Monetary Policy$94372831
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