Factors Underlying the Definition of Broad Money : An Examination of Recent U.S. Monetary Statistics and Practices of Other Countries /

The paper examines the experiences of countries in defining monetary aggregates, particularly those countries that have undertaken substantial redefinitions. It finds that both the functional and empirical approaches are important; and that monetary definitions tend to be dynamic in nature, becoming...

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التفاصيل البيبلوغرافية
المؤلف الرئيسي: Lim, Ewe-Ghee
مؤلفون آخرون: Sriram, Subramanian
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2003.
سلاسل:IMF Working Papers; Working Paper ; No. 2003/062
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Lim, Ewe-Ghee. 
245 1 0 |a Factors Underlying the Definition of Broad Money :   |b An Examination of Recent U.S. Monetary Statistics and Practices of Other Countries /  |c Ewe-Ghee Lim, Subramanian Sriram. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper examines the experiences of countries in defining monetary aggregates, particularly those countries that have undertaken substantial redefinitions. It finds that both the functional and empirical approaches are important; and that monetary definitions tend to be dynamic in nature, becoming prone to revisions whenever the current definition no longer satisfies both criteria. While countries may adhere to both approaches, monetary definitions may still vary across countries, reflecting specific institutional settings and the requirements of the empirical approach. This finding supports the approach in the IMF's Monetary and Financial Statistics Manual of not prescribing specific definitions of broad money. 
538 |a Mode of access: Internet 
700 1 |a Sriram, Subramanian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/062 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/062/001.2003.issue-062-en.xml  |z IMF e-Library