00892nam a2200109Ia 4500080002600000100002100026245008500047260006900132300001900201520054400220583001800764  a11.02.01 M742si(2002)  aSingh, Thomas B.  aMonetary policy, rudimentary financial markets and rapid goods market adjustment  b[Caribbean Centre for Monetary Studies]a[St. Augustine]TTc2002  a[2], 19 leaves  aDiscusses the importance of the state of financial market development to the adjustment mechanism.  Presents a review of the standard Keynesian adjustment mechanism and discusses the determination of output and the interest rate.  Focuses on the relatively rapid goods market adjustment when financial markets are rudimentary and also when inventory costs are high.  Comments on the potential applicability of the analysis to the open economy and even to developed countries, especially in the wake of recent corporate accounting scandals.  c3/21/03kJOYD