Financial Liberalization, Money Demand, and Monetary Policy in Asian Countries

Robert Corker and Wanda Tseng

No 1991/002, IMF Occasional Papers from International Monetary Fund

Abstract: This study examines the financial reforms undertaken by nine Asian countries in the 1980s (Indonesia, Korea, Malaysia, Myanmar, Nepal, the Philippines, Singapore, Sri Lanka, and Thailand) and their implications for money demand and monetary policy.

Keywords: OP; interest rate; narrow money; liberalization; money demand; market; liberalization of interest rates; balance of payments viability; interest rate variable; monetary policy reform; reforms in the financial system; Monetary base; Demand for money; Open market operations; Personal income; Monetary policy instruments; Global; interest rate liberalization; Monetary aggregates (search for similar items in EconPapers)
Pages: 57
Date: 1991-03-15
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