Divisia Monetary Aggregates and Economic Activities in Asian Developing Economies - Couverture rigide

Habibullah, Muzafar Shah

Couverture rigide

ISBN 10 : 0754610365 ISBN 13 : 9780754610366

Editeur : Ashgate Publishing Limited, 1999

Synopsis

This text proposes that "money does matter for monetary policy purposes" for ten SEACEN (South East Asian Central Banks) countries investigated: Indonesia, Malaysia, Myanmar, Nepal, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, and Thailand. Despite the financial liberalization that is underway, the author finds evidence that the money aggregates - both the Simple-sum and Divisia aggregates - have close relationships with both the price level and nominal income. This suggests that they are appropriate intermediate indicators. The book concludes that an important policy implication for these countries is that the use of monetary aggregates as indicators for monetary policy can be effective in the presence of liquidity constraints. It points out that since financial liberalization has not weakened the relationship between monetary aggregates and income in the Asian developing countries, the use of monetary aggregates to predict future growth in income will be effective.

Détails de l'édition

• Éditeur: Ashgate Publishing Limited
• Date d'édition: 1999
• Langue: anglais
• ISBN 10: 0754610365
• ISBN 13: 9780754610366
• Reliure: Relié
• Nombre de pages: 224
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible