Title Explaining and forecasting the velocity of money in transition economies : with special reference to the Baltics, Russia and other countries of the former Soviet Union / prepared by Mark De Broeck, Kornélia Krajnyák, and Henri Lorie

Published [Washington, D.C.] : International Monetary Fund, European II and Research Departments, ©1997

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Description 1 online resource (46 pages) : illustrations Series IMF working paper ; WP/97/108 IMF working paper ; WP/97/108. Summary Annotation The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. to examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper develops a simple monetary model of the exchange rate incorporating price stickiness and inflation inertia, and carries out an econometric analysis of the behavior of real money balances during inflation stabilization. the paper concludes by assessing the prospects for velocity developments in countries in transition, including the likely pace of remonetization Bibliography Includes bibliographical references (pages 45-46) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Money -- Baltic States -- Econometric models Money -- Russia (Federation) -- Econometric models Money -- Former Soviet republics -- Econometric models Demand for money -- Former Soviet republics -- Econometric models Economic stabilization -- Former Soviet republics -- Econometric models Inflation (Finance) -- Former Soviet republics -- Econometric models Foreign exchange rates -- Former Soviet republics -- Econometric models Demand for money -- Econometric models Economic stabilization -- Econometric models Foreign exchange rates -- Econometric models Inflation (Finance) -- Econometric models Money -- Econometric models Baltic States Russia (Federation) Soviet Union -- Former Soviet republics Form Electronic book Author Krajnyák, Kornélia, author. Lorie, Henri, author. International Monetary Fund. European II Department, issuing body. International Monetary Fund. Research Department, issuing body. ISBN 1451898673 9781451898675 1281601160 9781281601162 1462367089 9781462367085 1452703825 9781452703824 9786613781857 6613781851

Other Titles Velocity of money in transition economies

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