Excess liquidity and monetary overhangs.
By: Caprio, Gerard.
Material type:
BookPublisher: Washington : World Bank, 1991Subject(s): Liquidity | Developing countries -- Economic reforms -- Money markets/. -- Developing countries -- Economic reforms -- Money markets/. -- Developing countries -- Economic reforms -- Money marketsSummary: The paper suggests that it may be inappropriate to tighten money in response to excess liquidity in developing economies and to money overhang in the constrained reforming socialist economies.
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The paper suggests that it may be inappropriate to tighten money in response to excess liquidity in developing economies and to money overhang in the constrained reforming socialist economies.
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