01890cas a2200253 a 4500 AALejournalIMF002348 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848304 1018-5941 BD-DhAAL BD-DhAAL Lim, Ewe-Ghee. Factors Underlying the Definition of Broad Money : An Examination of Recent U.S. Monetary Statistics and Practices of Other Countries / Ewe-Ghee Lim, Subramanian Sriram. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (36 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 The paper examines the experiences of countries in defining monetary aggregates, particularly those countries that have undertaken substantial redefinitions. It finds that both the functional and empirical approaches are important; and that monetary definitions tend to be dynamic in nature, becoming prone to revisions whenever the current definition no longer satisfies both criteria. While countries may adhere to both approaches, monetary definitions may still vary across countries, reflecting specific institutional settings and the requirements of the empirical approach. This finding supports the approach in the IMF's Monetary and Financial Statistics Manual of not prescribing specific definitions of broad money. Mode of access: Internet Sriram, Subramanian. IMF Working Papers; Working Paper ; No. 2003/062 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/062/001.2003.issue-062-en.xml IMF e-Library