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[null,"1.","Record Nr.",null,"UNINA9910968749703321"]
[null,null,"Autore",null,"Saxegaard Magnus"]
[null,null,"Titolo",null,"Excess Liquidity and Effectiveness of Monetary Policy : : Evidence from Sub-Saharan Africa / / Magnus Saxegaard"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2006"]
[null,null,"ISBN",null,"9786613826398"]
[{"$nulls":4},"9781462336692"]
[{"$nulls":4},"1462336698"]
[{"$nulls":4},"9781452783444"]
[{"$nulls":4},"1452783446"]
[{"$nulls":4},"9781283513944"]
[{"$nulls":4},"1283513943"]
[{"$nulls":4},"9781451909098"]
[{"$nulls":4},"1451909098"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (52 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Monetary policy - Africa, Sub-Saharan - Econometric models"]
[{"$nulls":4},"Liquidity (Economics) - Econometric models"]
[{"$nulls":4},"Banking"]
[{"$nulls":4},"Banks and Banking"]
[{"$nulls":4},"Banks and banking"]
[{"$nulls":4},"Banks"]
[{"$nulls":4},"Commercial banks"]
[{"$nulls":4},"Depository Institutions"]
[{"$nulls":4},"Economics"]
[{"$nulls":4},"Excess liquidity"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Finance: General"]
[{"$nulls":4},"Investment Decisions"]
[{"$nulls":4},"Liquidity"]
[{"$nulls":4},"Micro Finance Institutions"]
[{"$nulls":4},"Monetary economics"]
[{"$nulls":4},"Monetary Policy"]
[{"$nulls":4},"Monetary policy"]
[{"$nulls":4},"Monetary transmission mechanism"]
[{"$nulls":4},"Money and Monetary Policy"]
[{"$nulls":4},"Mortgages"]
[{"$nulls":4},"Portfolio Choice"]
[{"$nulls":4},"Reserve requirements"]
[{"$nulls":4},"Nigeria"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"May 2006.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"\"\"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\"\""]
[null,null,null,"Sommario/riassunto","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."]