Udom, Solomon I.; Yaaba, Baba N. - In: CBN Journal of Applied Statistics 06 (2015) 1, pp. 29-47
It is considered inapt for central banks to adjust reserve money (quantity of money) and interest rate (price of money) at the same time. Thus, necessitates the need for a choice instrument. Enough evidence abounds in microeconomic theory on the undesirability of manipulating both price and...
