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Title: DETERMINANTS OF MONEY SUPPLY IN THE LIBYAN ECONOMY DURING THE PERIOD FROM 1980 TO 2016
Authors: Aboagila Otman Ahmed Alkoum
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Aboagila Otman Ahmed Alkoum Department of Economics, Faculty of Economics, Zawiyah University, Libya.
MLA 8 Alkoum, Aboagila Otman Ahmed. "DETERMINANTS OF MONEY SUPPLY IN THE LIBYAN ECONOMY DURING THE PERIOD FROM 1980 TO 2016." Int. j. of Social Science and Economic Research, vol. 3, no. 7, July 2018, pp. 3265-3285, ijsser.org/more2018.php?id=228. Accessed July 2018. APA Alkoum, A. (2018, July). DETERMINANTS OF MONEY SUPPLY IN THE LIBYAN ECONOMY DURING THE PERIOD FROM 1980 TO 2016. Int. j. of Social Science and Economic Research, 3(7), 3265-3285. Retrieved from ijsser.org/more2018.php?id=228 Chicago Alkoum, Aboagila Otman Ahmed. "DETERMINANTS OF MONEY SUPPLY IN THE LIBYAN ECONOMY DURING THE PERIOD FROM 1980 TO 2016." Int. j. of Social Science and Economic Research 3, no. 7 (July 2018), 3265-3285. Accessed July, 2018. ijsser.org/more2018.php?id=228.
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Abstract: This research focuses upon the relationship between money supply and its main determinants in the Libyan economy using time series data from 1980 to 2016 by the descriptive analytical approach. The results of this study showed that the role of high-powered money emerges more important in affecting the money supply, in comparison to money multiplier, and the monetary base and the money multiplier together. Moreover, the main driving force behind the expansion in monetary base was foreign assets in the Libyan economy during the period of study. Regarding the appropriate economic policy, aiming to minimize the adverse impact of monetary expansion on the monetary stability in the Libyan economy, the major outcomes of this study suggest that monetary expansion can be cured by a sufficiently tight monetary policy through instituting appropriate mechanisms to sterilize foreign exchange injections into the Libyan economy.

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