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| Author | : Anthony Rivera Chan |
| Publisher | : |
| Total Pages | : 310 |
| Release | : 1986 |
| Genre | : Monetary policy |
| ISBN | : |
| Author | : Debashis Acharya |
| Publisher | : |
| Total Pages | : 32 |
| Release | : 2000 |
| Genre | : Money supply |
| ISBN | : 9788177910292 |
| Author | : William A. Barnett |
| Publisher | : |
| Total Pages | : 96 |
| Release | : 1981 |
| Genre | : Index numbers (Economics) |
| ISBN | : |
| Author | : Debashis Acharya |
| Publisher | : |
| Total Pages | : 10 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
This paper attempts an empirical evaluation of Divisia moneyary aggregates for India ,constructed using four assets, viz, currency with the public, net demand deposits with banks, net time deposits with banks, and post office savings deposits. The performance of these aggregates in relation to simple sum aggregates is evaluated in terms of some standard tests such as the J-test, information content test, and the money demand test. The results suggest that the Divisia monetary aggregates have a clear edge over thei simple sum counterpart.
| Author | : John Nganga |
| Publisher | : |
| Total Pages | : 212 |
| Release | : 1996 |
| Genre | : |
| ISBN | : |
| Author | : C. James Hueng |
| Publisher | : W.E. Upjohn Institute |
| Total Pages | : 133 |
| Release | : 2020-09-08 |
| Genre | : Business & Economics |
| ISBN | : 0880996765 |
Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.
| Author | : Huw R. Pill |
| Publisher | : |
| Total Pages | : 22 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
Monetary assets have different characteristics which make them more or less useful in facilitating transactions. Academic economists have consistently argued that these differences should be incorporated in monetary aggregates by assigning assets different weights. However, central banks continue to use conventional aggregates with equal weights for all assets. For a transactions model of money, which the academic view implicitly embodies, weighted aggregates, although imperfect, are certainly superior. However, once this structural model is abandoned in favor of alternatives where monetary assets play a different role, central banks` continued use of simple sum measures of money may be justified.
| Author | : Kyuil Chung |
| Publisher | : International Monetary Fund |
| Total Pages | : 49 |
| Release | : 2014-01-24 |
| Genre | : Business & Economics |
| ISBN | : 1475514557 |
This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods of rapid exchange rate appreciation coincide with increases in the central bank’s foreign exchange reserves, increasing the stock of narrow money. The paper examines economic significance of cross-country panel data on monetary aggregates and other measures of non-core bank liabilities. Non-core liabilities that reflect the activities of NFCs reflect broad credit conditions and predict global trade and growth.
| Author | : W.A. Barnett |
| Publisher | : Elsevier Science Limited |
| Total Pages | : 712 |
| Release | : 2000-06-30 |
| Genre | : Business & Economics |
| ISBN | : 9780444501196 |
William Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics and this book comprises a focussed and unified collection of his most important publications in this area. It provides a clear and systematic development of the state-of-the-art in monetary and financial aggregation theory.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 74 |
| Release | : 2015-10-23 |
| Genre | : Business & Economics |
| ISBN | : 1498344062 |
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
