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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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