foreign exchange rate regime shift; whereas in the model of harmonized M3 (M3H) they are not stable.The theoretical model fits … Finnish point of view Ml would be a more appropriate intermediate target for monetary policy than harmonized M3. …

foreign exchange rate regime shift; whereas in the model of harmonized M3 (M3H) they are not stable. The theoretical model … Finnish point of view M1 would be a more appropriate intermediate target for monetary policy than harmonized M3. …

techniques are stable over the foreign exchange rate regime shift; whereas in the model of harmonized M3 (M3H) they are not … harmonized M3. …