Drake, Leigh; Mullineux, Andy; Agung, Juda - In: Applied Economics 29 (1997) 6, pp. 775-786
In 1992 the EU monetary authorities adopted a 'harmonized' broad money aggregate. The EMI was subsequently established to promote monetary policy coordination. This paper considers how broad money aggregates might be used to guide EU monetary policy and whether a 'Euro-Divisia' monetary index...