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Central Bank Autonomy, The Money Stock And Price Developments In Tanzania

African Journal of Finance and Management

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Title Central Bank Autonomy, The Money Stock And Price Developments In Tanzania
 
Creator Kilindo, AAL
 
Subject


 
Description Beginning the mid 1980s to the present the Bank of Tanzania has used a number of instruments that have implications on its balance sheet, namely: those of commercial banks and those of other financial institutions. The size of the BOTs balance sheet relative to the rest of the banking system has implications on movement in monetary variables and hence prices. This artcle uses on econometric model to analyse central bank policy on the money stock and prices by investigating the relationship among the components of the balance sheet using data from the BOT spanning from 1986 to 2001. The results indicate that the behavior of the BOTs balance sheet has strong implications of movements of the money stock. The policy implication is that allowing the central bank to adjust its balance sheet has effect on changes of the money stock and therefore brings more control of price developments.African Journal of Finance and Management Vol.13(1) 2004: 48-62
 
Publisher Institute of Finance Management, 1999
 
Contributor
 
Date 2005-03-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ajfm/article/view/24388
10.4314/ajfm.v13i1.24388
 
Source African Journal of Finance and Management; Vol 13, No 1 (2004); 48-62
0856-6372
 
Language eng
 
Relation http://www.ajol.info/index.php/ajfm/article/view/24388/20408
 
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