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Full text PDF available Subject : Economics -- Study and teaching--Africa Author Mutale, Francis Brown Chafwa Start Over

1. The effectiveness of traditional instruments of monetary policy during the foreign exchange auction system in Zambia

Mutale, Francis Brown Chafwa
2011·University of Zambia

In a liberalised economy the monetary authority traditionally relies on four instruments with which to control money supply, namely, open market operations, legal minimum reserve requirement changes, discount rat© policy and moral suasion. In this study the effectiveness of traditional...

: Economics -- Study and teaching--Africa
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