Excess liquidity and effectiveness of monetary policy : evidence from Sub-Saharan Africa

Excess liquidity and effectiveness of monetary policy : evidence from Sub-Saharan Africa / prepared by Magnus Saxegaard.

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity exce...

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Bibliographic Details
Main Author: Saxegaard, Magnus (Author)
Corporate Author: International Monetary Fund. African Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, African Dept., 2006.
Series:IMF working paper ; WP/06/115.
Subjects:
Monetary policy > Africa, Sub-Saharan > Econometric models.
Liquidity (Economics) > Econometric models.
Liquidity (Economics) > Econometric models
Monetary policy > Econometric models
Sub-Saharan Africa
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