01690cas a2200241 a 4500 AALejournalIMF008626 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855227 1018-5941 BD-DhAAL BD-DhAAL Kovanen, Arto. Zimbabwe : A Quest for a Nominal Anchor / Arto Kovanen. Washington, D.C. : International Monetary Fund, 2004. 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 study examines the appropriateness of alternative intermediate monetary policy targets for Zimbabwe in light of the stability of the demand for money and the information content of financial variables for predicting price level movements. Results of the study indicate that a well-defined long-run demand relation exists for currency in circulation, but not for other monetary aggregates. Currency in circulation has strong information content for predicting future price level movements. The information content of other financial variables, such as the exchange rate and interest rates, is weaker. Statistical relationships break down of the outset of high inflation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/130/001.2004.issue-130-en.xml IMF e-Library