Wang, Yougui; Ding, Ning; Zhang, Li - In: Physica A: Statistical Mechanics and its Applications 324 (2003) 3, pp. 665-677
formulation of the circulation velocity of money is presented for the first time by introducing the concept of holding time of … been carried out in order to demonstrate the shape of the holding time distribution. We find that, money circulation is a … Poisson process in which the holding time probability distribution follows a type of Gamma distribution, and the velocity of …