Optimal Inflationary and Reserve Requirement Policies: A Study of an Economy with an Informal Sector
Governments in developing economies often resort to taxing bank money balances through imposition of high reserve requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research attempts to answer the following questions. First, why do deve...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2011
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| Online Access: | https://repo.uum.edu.my/id/eprint/25047/1/IJBF%208%201%202011%2021%2034.pdf |