Zimbabwe : a quest for a nominal anchor /

Zimbabwe : a quest for a nominal anchor /

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Bibliographic Details
Author / Creator:	Kovanen, Arto, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2004.
Description:	1 online resource (40 pages).
Language:	English
Series:	IMF working paper, 2227-8885 ; no. WP/04/130 IMF working paper ; WP/04/130.
Subject:	Monetary policy -- Zimbabwe. Inflation (Finance) -- Zimbabwe. Demand for money -- Zimbabwe. Demand for money. Inflation (Finance) Monetary policy. Zimbabwe. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497667

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. African Department, issuing body.
ISBN:	1282044443 9781282044449 9781451900507 1451900503 9781451855227 1451855222
ISSN:	2227-8885
Notes:	"July 2004." At head of title: African Department. Includes bibliographical references. Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This study examines the appropriateness of alternative intermediate monetary policy targets for Zimbabwe in light of the stability of the demand for money and the information content of financial variables for predicting price level movements. Results of the study indicate that a well-defined long-run demand relation exists for currency in circulation, but not for other monetary aggregates. Currency in circulation has strong information content for predicting future price level movements. The information content of other financial variables, such as the exchange rate and interest rates, is weaker. Statistical relationships break down of the outset of high inflation.
Other form:	Print version: Kovanen, Arto. Zimbabwe. [Washington, D.C.] : International Monetary Fund, ©2004
Standard no.:	10.5089/9781451900507.001

Description
Summary:	This study examines the appropriateness of alternative intermediate monetary policy targets for Zimbabwe in light of the stability of the demand for money and the information content of financial variables for predicting price level movements. Results of the study indicate that a well-defined long-run demand relation exists for currency in circulation, but not for other monetary aggregates. Currency in circulation has strong information content for predicting future price level movements. The information content of other financial variables, such as the exchange rate and interest rates, is weaker. Statistical relationships break down of the outset of high inflation.
Item Description:	"July 2004." At head of title: African Department.
Physical Description:	1 online resource (40 pages).
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	1282044443 9781282044449 9781451900507 1451900503 9781451855227 1451855222
ISSN:	2227-8885 2227-8885 ;