01630cas a2200253 a 4500 AALejournalIMF003635 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861631 1018-5941 BD-DhAAL BD-DhAAL Ohnsorge, Franziska. Money Demand and Inflation in Dollarized Economies : The Case of Russia / Franziska Ohnsorge, Nienke Oomes. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (30 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 Money demand in dollarized economies often appears to be highly unstable, making it difficult to forecast and control inflation. In this paper, we show that a stable money demand function for Russia can be found for "effective broad money," which includes an estimate of foreign cash holdings. Moreover, we find that an excess supply of effective broad money is inflationary, while other excess money measures are not, and that effective broad money growth has the strongest and most persistent effect on short-run inflation. Mode of access: Internet Oomes, Nienke. IMF Working Papers; Working Paper ; No. 2005/144 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/144/001.2005.issue-144-en.xml IMF e-Library