 | On the Stability of Money Demand in Ghana : A Bounds Testing Approach Author/Editor: Arto Kovanen, Jihad Dagher. Release Date:November, 2011 This paper adopts the bounds testing procedure developed by Pesaran et al. (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of more...
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| Does Money Matter for Inflation in Ghana? Author/Editor: Arto Kovanen. Release Date:November, 2011 Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation horizon (four to eight quarters). On the other hand, currency depreciation and more...
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| Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work? Author/Editor: Arto Kovanen. Release Date:November, 2011 This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our more...
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| Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data Author/Editor: Arto Kovanen. Release Date:February, 2006 We use cross-section and time-series techniques to analyze pricing behavior in Sierra Leone. In cross-sectional data, we find that inflation volatility and product diversification are the main more...
| Price: $15.00
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| Zimbabwe : A Quest for a Nominal Anchor Author/Editor: Arto Kovanen. Release Date:July, 2004 This study examines the appropriateness of alternative intermediate monetary policy targets for Zimbabwe in light of the stability of the demand for money and the information content of financial more...
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| Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa : Main Features and Policy Implications Author/Editor: Arto Kovanen. Release Date:April, 2002 This paper reviews the reserve requirement arrangements of sub-Saharan Africa, focusing on the differences between reserve requirements on domestic- and foreign-currency deposits. The reserve more...
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| Indonesia : Anatomy of a Banking Crisis Two Years of Living Dangerously 1997–99 Author/Editor: Arto Kovanen, Olivier Frecaut, Barbara E Baldwin, Charles Enoch. Release Date:May, 2001 This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified more...
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| Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union Author/Editor: Paul Louis Ceriel Hilbers, Arto Kovanen, Charles Enoch. Release Date:December, 1997 The European Monetary Institute has been working with national central banks of the European Union (EU) to prepare instruments for the operation of monetary policy in Stage 3 of European Economic and more...
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| Capital Account Liberalization in Finland : Analysis of Structural Changes Author/Editor: Arto Kovanen. Release Date:December, 1995 The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and more...
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| Foreign Exchange Auctions and Fixing : A Review of Performance Author/Editor: Arto Kovanen. Release Date:September, 1994 The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and more...
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