Maitra, Biswajit - In: Financial innovation : FIN 3 (2017) 23, pp. 1-17
determined by market forces. Results: Empirical analysis uses a dataset of nominal interest rates, money growth, income growth …. Money growth triggers an increase in interest rates, which supports the Fisher equation view, while income growth has a … positive impact of M2 money growth and income growth on interest rates. In this case, exchange rate depreciation causes an …