01810cas a2200253 a 4500 AALejournalIMF000332 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845419 1018-5941 BD-DhAAL BD-DhAAL Dekle, Robert. Financial Liberalization and Money Demand in Asean Countries : Implications for Monetary Policy / Robert Dekle, Mahmood Pradhan. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the impact of financial market development and liberalization on money demand behavior in Indonesia, Malaysia, Singapore, and Thailand since the early 1980s. The empirical results indicate continuing instability in the interaction of money growth, economic activity, and inflation. Rapid growth and ongoing changes in financial markets suggest that policy needs to be guided by a wider set of monetary and real sector indicators of inflationary pressures. The feasibility of alternative policy frameworks--including nominal exchange rate targets, and inflation targets--is discussed in the context of the substantial and sustained increase in foreign capital inflows. Mode of access: Internet Pradhan, Mahmood. IMF Working Papers; Working Paper ; No. 1997/036 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/036/001.1997.issue-036-en.xml IMF e-Library