Excess liquidity and monetary overhangs Caprio, Gerard; Honohan, Patrick

User activity

Share to:
View the summary of this work
Authors
Caprio, Gerard ; Honohan, Patrick
Appears In
World Development
Subjects
Liquidity (Economics); Marxist economics -- Analysis; Liquidity (Finance) -- Analysis
Audience
Academic; Trade
Summary
Problems of excess liquidity are cited with striking frequency in countries ranging from the emerging socialist economies to those in the developing world, especially Africa. Monetary policy restraint is often counselled as a remedy, but the term excess liquidity is used to mean widely different phenomena, some of which should not be dealt with in that manner. The focus of this paper is on two cases of excess liquidity which have become increasingly relevant: the credit crunch and the socialist economies' monetary overhang. For these cases a conventional tightening of monetary policy instruments would be particularly inappropriate.
Bookmark
http://trove.nla.gov.au/work/110850
Work ID
110850

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this work

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this work

Add a comment


Show comments and reviews from Amazon users