Yildirim, Julide - In: Journal of Applied Economics VI (2003) November, pp. 361-383
aggregates. Thus, extended monetary aggregates that include the relevant CBDs are defined in this study. In order to investigate … the implications of currency substitution for the stability of the demand functions, the traditional and extended monetary … aggregates for five EU countries are defined in addition to EU-wide monetary aggregates. The estimated EU-wide demand for …