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The domestic adjusted monetary base
Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2000
held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of …
Persistent link: https://www.econbiz.de/10005352832
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Construction of an estimated domestic monetary base using new estimates of foreign holdings of U.S. currency
Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 1997
This paper presents a new method to estimate the amount of U.S. currency held abroad. The method exploits the fact the Federal Reserve System is the major processor of currency for depository institutions. The method exploits differentials across denominations in the ratios of shipments to...
Persistent link: https://www.econbiz.de/10005352909