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Money Demand Analysis in Mauritius

  • Indranarain Ramlall
Chapter

Abstract

Central banks worldwide attribute a special role to monetary aggregates as they confer vital repercussions on inflation. Alternatively stated, based on the notion that inflation tends to reflect a monetary phenomenon, it becomes warranted to gauge the money demand function. Mauritius initially embarked on monetary aggregates as the tool for monetary policy management before moving to a policy of interest rate targeting and, with time, the ultimate focus is to shift to inflation-targeting framework to secure its credibility in monetary policy. Due consideration is also given to credit aggregates.

Keywords

Interest Rate Monetary Policy Income Elasticity Money Demand Monetary Aggregate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Indranarain Ramlall
    • 1
  1. 1.University of MauritiusMokaMauritius

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