01718cas a2200289 a 4500 AALejournalIMF007754 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451976236 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Modeling Buffer Stock Money : An Appraisal. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (22 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 buffer stock role of absorbing temporary discrepancies between purchases and sales is assigned to money because money, being the most liquid of all assets, performs the buffer function best. However, as this paper shows, the attempts to model the buffer stock role have led to certain incoherencies. Specifically, this paper shows that the econometric models of buffer stock money published in the literature are incompatible with the theory of buffer stock money and imply two different probability distributions for the same variable, thus resulting in an incoherency. Mode of access: Internet Interest Rate imf Money Demand imf Money Supply imf WP imf IMF Working Papers; Working Paper ; No. 1988/041 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/041/001.1988.issue-041-en.xml IMF e-Library