The Gambia : demand for broad money and implications for monetary policy conduct / prepared by Subramanian S. Sriram.
This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data qualit...
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