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Der Sonderband "1989 -2009, Twenty Years of East-West Integration: Hopes and Achievements" enthält Beiträge von OeNB-Experten für die Region und von angesehenen nationalen und internationalen Experten, die den Transformationsprozess über die vergangenen Jahre beobachtet, analysiert und...
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"With Covid-19 and other recent crises proving the need to review the state-of-play and implement robust institutional frameworks in the complex, heterogenous and decentralised European supervisory architecture, this insightful book outlines what can be done to innovate the current set-up in the...
Persistent link: https://www.econbiz.de/10013462758
In this paper we perform a meta-analysis of empirical money demand studies involving almost 500 individual money demand estimations. We analyze whether the wide variety of results can be explained by characteristics of the studies, different macroeconomic environments or the imprecision of...
Persistent link: https://www.econbiz.de/10010727693
This paper analyzes the recently documented instability of money demand in the euro area in the framework of a Markov switching trend model. First, we consider a standard flexible price model with stable money demand, rational expectations, and an exogenous income-money ratio which follows a...
Persistent link: https://www.econbiz.de/10010727705
By analyzing almost 1000 money demand estimations this paper attempts to summarize the disperse findings of this literature. Using both descriptive statistics and meta-regressions we derive several stylized facts about the two most prominent determinants of money demand–income and...
Persistent link: https://www.econbiz.de/10010727788
We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences...
Persistent link: https://www.econbiz.de/10010818086
In this paper we perform a meta-analysis of empirical money demand studies involving almost 500 individual money demand estimations. We analyze whether the wide variety of results can be explained by characteristics of the studies, different macroeconomic environments or the imprecision of...
Persistent link: https://www.econbiz.de/10005839475