Inflation and Money Demand in Albania
AbstractThe paper uses a simple analytical framework to estimate relationships between prices, money the exchange rate, and interest rates in Albania during 1993–97. The estimated parsimonious error correction model extends the findings of a growing literature on inflation and money demand in transition economies. The results suggest that, after the one-time effects of the 1997 crisis are taken into account, the long-run determinants of inflation and money demand remained unchanged. Strong financial policies since mid—1997 appear to have helped to restore conditions for low inflation and stable money demand.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 98/101.
Date of creation: 01 Jul 1998
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- Pelipas, Igor, 2006. "Money demand and inflation in Belarus: Evidence from cointegrated VAR," Research in International Business and Finance, Elsevier, Elsevier, vol. 20(2), pages 200-214, June.
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- repec:wii:bpaper:bowp:071 is not listed on IDEAS
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