Series: IMF Working Papers
Author(s): Mark Stone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1998
Keywords: Exchange rate policy, Economic stabilization, Demand for money, Monetary policy, Monetary and exchange rate policy, money demand, stabilization, inflation, money growth, money supply
Money demand often surges after successful macroeconomic stabilization. This paper gives a name-financial infusion-to these surges because their size, unpredictability, and concurrence with other 'success shocks' p...