Diallo, Ibrahima; Konté, Mamadou Abdoulaye - In: West African journal of monetary and economic integration 22 (2022) 1, pp. 1-30
Monetary conditions index (MCI) has become an important indicator of monetary policy performance since its introduction … by Bank of Canada in the 1990s. This is so, as the index allows central banks to gauge monetary policy stance and … constructing the index, we consider three operating targets, namely interest rate, exchange rate, and reserve money, currently in …