An important issue for selection of monetary policy instruments is the stability of demand for money. In this paper, the demand for narrow money in Bangladesh has been estimated using time series methods. The results of the analysis show that there is a well-determined and stable demand for...

Should Reserve Bank of Fiji (RBF) use rate of interest to control private consumption expenditure in Fiji? This paper investigates whether rate of interest is an appropriate monetary policy instrument to reduce consumption in Fiji. Results indicate that interest rate has no effect on private...