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Money Demand in Guyana

This paper analyzes broad money demand (M2) in Guyana from January 1990 to September 1999; a period marked by deep transformations aimed at shifting Guyana from a centralized to a market economy. The paper develops a stable error-correction model based on a long-run cointegrating vector of money dem...

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Bibliographic Details
Main Author: Egoume Bossogo, Philippe
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Series:IMF Working Papers
Subjects:
Inflation
Price Level
Personal Income
Government Securities
Monetary Policy
Investments: General
Foreign Exchange
Currency
Monetary Economics
Macroeconomics
Prices
Investment & Securities
Money
Demand For Money
Income
General Financial Markets: General (includes Measurement And Data)
Deflation
National Accounts
Financial Institutions
Personal Income, Wealth, And Their Distributions
Money And Monetary Policy
Financial Markets And The Macroeconomy
Treasury Bills And Bonds
Exchange Rates
Guyana
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper analyzes broad money demand (M2) in Guyana from January 1990 to September 1999; a period marked by deep transformations aimed at shifting Guyana from a centralized to a market economy. The paper develops a stable error-correction model based on a long-run cointegrating vector of money demand. The latter establishes that real money demand is determined in the long run by real income, interest rates, and the exchange rate. The results also show the existence of strong exchange rate-induced inflation anticipations that are typical to Guyana
Physical Description:38 pages
ISBN:9781451854169

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