Financial liberalization, money demand, and monetary policy in Asian countries:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | Undetermined |
| Published: |
Washington, D.C.
1991
|
| Series: | International Monetary Fund: Occasional paper
84 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Literaturverz. S. 49 - 50 |
| Physical Description: | V, 52 S. graph. Darst. |
| ISBN: | 1557752206 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
Page
Preface v
I. Introduction and Summary I
II. Financial Liberalization 3
Preliberalization Financial Systems 3
Financial Liberalization During the 1980s 4
Liberalization of Interest Rates
Reductions in Credit Controls
Financial System Reforms
Reductions in Capital Controls and More Flexible Exchange
Arrangements
III. Money Demand and Financial Liberalization 11
Effects of Financial Liberalization on Money Demand 11
Specification and Estimation Issues 12
Specification Issues
Estimation Issues
Testing for Stability
Results 15
Estimation Results
Stability of Money Demand
Conclusions 22
IV. Implementation of Monetary Policy 23
Financial Liberalization and Channels of Monetary Policy 23
Targets and Instruments of Monetary Policy 24
Targets of Monetary Policy
Instruments of Monetary Policy
Experience with Interest Rate Liberalization and Indirect
Monetary Policy Instruments 26
Interest Rate Liberalization
Shift to Indirect Monetary Policy Instruments
Conclusions 32
V. Concluding Observations 34
Appendices
I. Financial Liberalization in Asian Countries During the
1980s—Summary 35
II. Data Sources and Definitions 42
III. Individual Country Results 44
References 49
Tables
1. Asian Countries: Long Run Relationships Between Money,
Income, and Interest Rates 16
2. Asian Countries: Error Correction Equations—Narrow Money 20
3. Asian Countries: Error Correction Equations—Broad Money 21
4. Asian Countries: Growth Rates of Monetary Variables,
1980 89 28
5. Indonesia: Factors Affecting Reserve Money, 1984 89 28
6. Korea: Factors Affecting Reserve Money, 1980 89 29
7. Malaysia: Factors Affecting Reserve Money, 1984 S9 30
8. Philippines: Factors Affecting Reserve Money, 1984 89 31
9. Sri Lanka: Factors Affecting Reserve Money, 1984 89 32
10. Thailand: Factors Affecting Reserve Money, 1985 89 33
Charts
1. Asian Countries: Interest and Inflation Rates, 1974 89 6
2. Asian Countries: Broad and Narrow Monetary Aggregates,
1970 89 8
The following symbols have been used throughout this paper:
... to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that
the item does not exist;
between years or months (e.g., 1990 91 or January June) to indicate the
years or months covered, including the beginning and ending years or
months;
/ between years (e.g., 1990/91) to indicate a crop or fiscal (financial) year.
Billion means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
|
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| geographic_facet | Asien |
| id | DE-604.BV005294280 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T16:27:05Z |
| institution | BVB |
| isbn | 1557752206 |
| language | Undetermined |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003305588 |
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| physical | V, 52 S. graph. Darst. |
| publishDate | 1991 |
| publishDateSearch | 1991 |
| publishDateSort | 1991 |
| record_format | marc |
| series | International Monetary Fund: Occasional paper |
| series2 | International Monetary Fund: Occasional paper |
| spelling | Tseng, Wanda Verfasser aut Financial liberalization, money demand, and monetary policy in Asian countries Wanda Tseng and Robert Corker Washington, D.C. 1991 V, 52 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier International Monetary Fund: Occasional paper 84 Literaturverz. S. 49 - 50 Geldpolitik (DE-588)4019902-2 gnd rswk-swf Kapitalmarkt (DE-588)4029578-3 gnd rswk-swf Asien (DE-588)4003217-6 gnd rswk-swf Asien (DE-588)4003217-6 g Kapitalmarkt (DE-588)4029578-3 s Geldpolitik (DE-588)4019902-2 s DE-604 Corker, Robert Verfasser aut International Monetary Fund: Occasional paper 84 (DE-604)BV002597241 84 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003305588&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Tseng, Wanda Corker, Robert Financial liberalization, money demand, and monetary policy in Asian countries International Monetary Fund: Occasional paper Geldpolitik (DE-588)4019902-2 gnd Kapitalmarkt (DE-588)4029578-3 gnd |
| subject_GND | (DE-588)4019902-2 (DE-588)4029578-3 (DE-588)4003217-6 |
| title | Financial liberalization, money demand, and monetary policy in Asian countries |
| title_auth | Financial liberalization, money demand, and monetary policy in Asian countries |
| title_exact_search | Financial liberalization, money demand, and monetary policy in Asian countries |
| title_full | Financial liberalization, money demand, and monetary policy in Asian countries Wanda Tseng and Robert Corker |
| title_fullStr | Financial liberalization, money demand, and monetary policy in Asian countries Wanda Tseng and Robert Corker |
| title_full_unstemmed | Financial liberalization, money demand, and monetary policy in Asian countries Wanda Tseng and Robert Corker |
| title_short | Financial liberalization, money demand, and monetary policy in Asian countries |
| title_sort | financial liberalization money demand and monetary policy in asian countries |
| topic | Geldpolitik (DE-588)4019902-2 gnd Kapitalmarkt (DE-588)4029578-3 gnd |
| topic_facet | Geldpolitik Kapitalmarkt Asien |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003305588&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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