Financial Liberalisation and Currency Demand in Zambia.
This paper examines the impact of exchange rate and financial sector liberalisation measures implemented in the early 1990s on the private sector's demand for base money in Zambia. Using time-series data I show how the removal of controls on asset markets led to a permanent shift in the demand...
| Egile nagusia: | |
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| Formatua: | Journal article |
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1999
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| _version_ | 1826286857454878720 |
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| author | Adam, C |
| author_facet | Adam, C |
| author_sort | Adam, C |
| collection | OXFORD |
| description | This paper examines the impact of exchange rate and financial sector liberalisation measures implemented in the early 1990s on the private sector's demand for base money in Zambia. Using time-series data I show how the removal of controls on asset markets led to a permanent shift in the demand for narrow money. Linked with an increase in forecast volatility, this structural break appears to have undermined the efficacy of money-based stabilisation efforts in Zambia. |
| first_indexed | 2024-03-07T01:49:56Z |
| format | Journal article |
| id | oxford-uuid:99bc2fb1-13ee-4399-8a5c-907204146b93 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T01:49:56Z |
| publishDate | 1999 |
| record_format | dspace |
| spelling | oxford-uuid:99bc2fb1-13ee-4399-8a5c-907204146b932022-03-27T00:16:27ZFinancial Liberalisation and Currency Demand in Zambia.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:99bc2fb1-13ee-4399-8a5c-907204146b93Department of Economics - ePrints1999Adam, CThis paper examines the impact of exchange rate and financial sector liberalisation measures implemented in the early 1990s on the private sector's demand for base money in Zambia. Using time-series data I show how the removal of controls on asset markets led to a permanent shift in the demand for narrow money. Linked with an increase in forecast volatility, this structural break appears to have undermined the efficacy of money-based stabilisation efforts in Zambia. |
| spellingShingle | Adam, C Financial Liberalisation and Currency Demand in Zambia. |
| title | Financial Liberalisation and Currency Demand in Zambia. |
| title_full | Financial Liberalisation and Currency Demand in Zambia. |
| title_fullStr | Financial Liberalisation and Currency Demand in Zambia. |
| title_full_unstemmed | Financial Liberalisation and Currency Demand in Zambia. |
| title_short | Financial Liberalisation and Currency Demand in Zambia. |
| title_sort | financial liberalisation and currency demand in zambia |
| work_keys_str_mv | AT adamc financialliberalisationandcurrencydemandinzambia |