International Currency Substitution and the Apparent Instability of Velocity in Some Western European Economies and in the United States

The purpose of this paper is to describe and interpret some empirical regularities in the movements of money's income velocity of circulation in major industrial countries. The results offer support for the "portfolio view", especially in the case of Germany. Since 1976, increases in the opportunity cost and the risk associated with holding dollars have argued strongly in favour of a shift in currency demand towards the Deutsche Mark

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Year of publication:	2013
Authors:	Brittain, Bruce
Publisher:	[S.l.] : SSRN
Subject:	USA \| United States \| Währungssubstitution \| Currency substitution \| Schätzung \| Estimation \| Geldumlaufgeschwindigkeit \| Velocity of money

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Extent:	1 Online-Ressource (27 p)
Series:	BIS Working Paper ; No. 2
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 1980 erstellt
Other identifiers:	10.2139/ssrn.869195 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014060574