IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v15y1976i2p211-217.html
   My bibliography  Save this article

Money Multiplier As a Determinant of Money Supply: The Case of Pakistan

Author

Listed:
  • S.M. MAZAHIR HASNAIN HAMDANI

    (Pakistan Institute of Development Economics (PIDE), Islamabad.)

Abstract

Monetary policy is an important instrument for pursuing growth and stability in a less developed economy. However, it can yield desired results if and only if it is judiciously formulated and properly implemented. An appropriate formulation of monetary policy requires two basic relations to hold. (1) the demand function for money must be reasonably stable and empirically available to the monetary authorities and (2) the stock of money must be subject to control by the monetary authorities and the mechanism through which money supply is quantitatively determined in an economy should be clear to the policy-makers.

Suggested Citation

  • S.M. Mazahir Hasnain Hamdani, 1976. "Money Multiplier As a Determinant of Money Supply: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 15(2), pages 211-217.
    • Handle: RePEc:pid:journl:v:15:y:1976:i:2:p:211-217
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/1976/Volume2/211-217.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Farooq Arby, 2000. "Predicting Money Multiplier in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 39(1), pages 23-35.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:15:y:1976:i:2:p:211-217. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.