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A Monetary Base Analysis and Control Model

1976; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.3337761

1556-5068

Haluk Ferden Gursel,

Economic Theory and Policy

This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base, money supply and monetary income. Further, the monetary policy problems of the developing countries are reviewed. The research devotes a section to a developing country data application and analysis. In developing countries, there are similar tendencies for many variables, although each country has different characteristics, economic and social structures. It follows that remedies can be broadly similar although applications will differ from country to country. The outlined policies do not address themselves to the solution of all problems; however, the necessity for designing different policies fitting the special conditions of each country and the need for other policies complementary to monetary policies is apparent. Thus, the solutions suggested in conclusion should be considered as guidelines.