Currency Substitution and Cross-Border Monetary Aggregation: Evidence From the G-7
Is there a stable aggregate money demand relationship for Europe? If so, why, and if not, why not? These questions are important for the implementation of policy by a European central bank, as well as for the appropriate speed of transition to EMU. This paper addresses them in a multi-country empiri...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1992
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Schriftenreihe: | IMF Working Papers
Working Paper No. 92/81 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Is there a stable aggregate money demand relationship for Europe? If so, why, and if not, why not? These questions are important for the implementation of policy by a European central bank, as well as for the appropriate speed of transition to EMU. This paper addresses them in a multi-country empirical study of money demand for the G-7 countries during the period since 1973. It looks for evidence of currency substitution and tests the restrictions implied by cross-border aggregation within Europe |
Beschreibung: | 1 Online-Ressource (36 p) |
ISBN: | 1451955049 9781451955040 |
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spelling | Lane, Timothy D. Verfasser aut Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 Lane, Timothy D Washington, D.C International Monetary Fund 1992 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/81 Is there a stable aggregate money demand relationship for Europe? If so, why, and if not, why not? These questions are important for the implementation of policy by a European central bank, as well as for the appropriate speed of transition to EMU. This paper addresses them in a multi-country empirical study of money demand for the G-7 countries during the period since 1973. It looks for evidence of currency substitution and tests the restrictions implied by cross-border aggregation within Europe Online-Ausg Poloz, Stephen S. Sonstige oth http://elibrary.imf.org/view/IMF001/01485-9781451955040/01485-9781451955040/01485-9781451955040.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lane, Timothy D. Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 |
title | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 |
title_auth | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 |
title_exact_search | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 |
title_exact_search_txtP | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 |
title_full | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 Lane, Timothy D |
title_fullStr | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 Lane, Timothy D |
title_full_unstemmed | Currency Substitution and Cross-Border Monetary Aggregation Evidence From the G-7 Lane, Timothy D |
title_short | Currency Substitution and Cross-Border Monetary Aggregation |
title_sort | currency substitution and cross border monetary aggregation evidence from the g 7 |
title_sub | Evidence From the G-7 |
url | http://elibrary.imf.org/view/IMF001/01485-9781451955040/01485-9781451955040/01485-9781451955040.xml |
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