IDEAS home Printed from https://ideas.repec.org/a/taf/jdevst/v32y1995i1p97-111.html
   My bibliography  Save this article

Forecasting the money multiplier and the control of money supply in Egypt

Author

Listed:
  • Mokhlis Zaki

Abstract

This article investigates whether money supply control through the multiplier‐monetary base framework is possible in Egypt. It was found that such a procedure would not have been possible between 1952 and 1990 when the financial needs of the Egyptian government dictated changes in high‐powered money. It was found that the ‘aggregate’ forecasting approach of the money multiplier provided satisfactory results, while the ‘component’ method did not. It is argued that changes in policy since 1991 would provide for better control over the monetary base and greater predictability of the money multiplier.

Suggested Citation

  • Mokhlis Zaki, 1995. "Forecasting the money multiplier and the control of money supply in Egypt," Journal of Development Studies, Taylor & Francis Journals, vol. 32(1), pages 97-111.
  • Handle: RePEc:taf:jdevst:v:32:y:1995:i:1:p:97-111
    DOI: 10.1080/00220389508422403
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00220389508422403
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/00220389508422403?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Prakash Kumar Shrestha Ph.D., 2013. "An Empirical Analysis of Money Supply Process in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 25(2), pages 17-42, October.
    2. Prakash Kumar Shrestha, Ph.D., 2013. "An Empirical Analysis of Money Supply Process in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 25(2), pages 17-42, October.
    3. Mr. Alexei P Kireyev, 2001. "Financial Reforms in Sudan: Streamlining Bank Intermediation," IMF Working Papers 2001/053, International Monetary Fund.
    4. Muhammad Arshad Khan, 2010. "Testing of money multiplier model for Pakistan: does monetary base carry any information?," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 9, pages 1-20, February.
    5. Gabriel Di Bella & Mr. David Hauner, 2005. "How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda," IMF Working Papers 2005/178, International Monetary Fund.
    6. Asad Jan & Mansoor Saleem & Aqeel Ahmad & Arshad Riaz, 2013. "Disaggregate Analysis of Broad Money and Outlook of Key Monetary Aggregates," SBP Working Paper Series 58, State Bank of Pakistan, Research Department.
    7. Polster, Rainer & Gottschling, Andreas, 1999. "Stability issues in German money multiplier forecasts," Research Notes 99-8, Deutsche Bank Research.

    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:taf:jdevst:v:32:y:1995:i:1:p:97-111. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FJDS20 .

    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.