Consider a country where the level of excess reserves fluctuates widely and unpredictably. Would such a country

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Consider a country where the level of excess reserves fluctuates widely and unpredictably. Would such a country be a good candidate for a money growth rule to guide monetary policy? Explain your answer.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:14 AM

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Consider a country where the level of excess reserves fluctuates widely and unpredictably. Would such a country

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This country would not be a good candidate One requirement for a mon...View the full answer

Money Banking and Financial Markets

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