Muzafar Shah Habibullah
Ashgate
Hardback
210
1999
Inspired by the work of Barnett and his associates, this book offers a first attempt to explore the potential role of Divisia monetary aggregates as useful intermediate indicators for monetary policy purposes ten ?deregulated? Asian developing economies. The author discusses the rationale of Divisia money as a result of deregulation and financial liberalisation in these countries. Using the approaches of liquidity constraints, P-star and seasonal error- correction models, the conclusion of this book suggests that ?money matters for monetary policy purposes?. Moreover, Divisia has a potential role to be a useful indicator for the purpose of monetary action in the Asian nations.
Ashgate
Hardback
210
1999
Inspired by the work of Barnett and his associates, this book offers a first attempt to explore the potential role of Divisia monetary aggregates as useful intermediate indicators for monetary policy purposes ten ?deregulated? Asian developing economies. The author discusses the rationale of Divisia money as a result of deregulation and financial liberalisation in these countries. Using the approaches of liquidity constraints, P-star and seasonal error- correction models, the conclusion of this book suggests that ?money matters for monetary policy purposes?. Moreover, Divisia has a potential role to be a useful indicator for the purpose of monetary action in the Asian nations.