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|z 9781451843903
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|a Sloek, Torsten.
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|a Monetary Policy in Transition :
|b The Case of Mongolia /
|c Torsten Sloek.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (19 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper analyzes monetary policy in transition. It examines the dynamics of monetary policy in Mongolia using granger-causality tests for monetary variables and inflation. The paper also analyzes money demand using data from 22 Mongolian regions during 1993-1998. The analyses confirm the key role of monetary policy in stabilization and reveal that even in a transition economy as rudimentary as Mongolia, a stable money demand and a predictable relationship between inflation and monetary variables do exist. Hence market-based monetary policy is effective. In addition, the analysis points to a difference between transition and industrial economies in the elasticity of money demand with respect to activity, reflecting the larger role for transactions demand for money.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2000/021
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/021/001.2000.issue-021-en.xml
|z IMF e-Library
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