Optimal Liquidity and Economic Stability »
Journal Issue
Volume/Issue: 2012/135
Series: IMF Working Papers
Author(s): Linghui Han , and Il Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2012
DOI: http://dx.doi.org/10.5089/9781475503883.001
ISBN: 9781475503883
Keywords: financial assets, financial sector, monetary aggregate, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Dynamic Panel,
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In...