01604cas a2200241 a 4500 AALejournalIMF006020 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873399 1018-5941 BD-DhAAL BD-DhAAL Sriram, Subramanian. The Gambia : Demand for Broad Money and Implications for Monetary Policy Conduct / Subramanian Sriram. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (41 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 evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data quality contribute to the instability. The authorities may need to apply the monetary targeting regime flexibly in the overall objective of preserving price stability. A possible option for The Gambia is to become an inflation targeter lite. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/192 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/192/001.2009.issue-192-en.xml IMF e-Library