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Selective Credit Controls And The Money Supply Process In Transitional Economies: The Case Of Bulgaria

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Author Info

  • Plamen Yossifov

    (Ph.D. Student in Economics, University of Delaware)

Abstract

This paper develops an unified framework for analyzing the influence of both direct and indirect instruments of monetary control on the money supply process. The resulting formal model is then applied in the empirical evaluation of the effectiveness of credit ceilings in limiting the growth of domestic monetary aggregates in Bulgaria.

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File URL: http://128.118.178.162/eps/mac/papers/0302/0302006.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0302006.

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Length: 41 pages
Date of creation: 27 Feb 2003
Date of revision:
Handle: RePEc:wpa:wuwpma:0302006

Note: Type of Document - PDF; prepared on IBM PC; to print on PostScript; pages: 41 ; figures: included. MASTER'S PAPER
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Web page: http://128.118.178.162

Related research

Keywords: selective credit controls credit ceilings money multiplier;

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Cited by:
  1. Jeta Menkulasi & Lodewyk Erasmus & Jules Leichter, 2009. "Dedollarization in Liberia-Lessons From Cross-Country Experience," IMF Working Papers 09/37, International Monetary Fund.

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