000			00982nam a2200145Ia 4500
005			20260716043501.0
080			_a11.02.01 M742si(2002)
100			_aSingh, Thomas B.
245			_aMonetary policy, rudimentary financial markets and rapid goods market adjustment
260			_b[Caribbean Centre for Monetary Studies] _a[St. Augustine]TT _c2002
300			_a[2], 19 leaves
520			_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.
583			_c3/21/03 _kJOYD
942			_cM _mM742si(2002)
999			_c48223 _d48223