Bahmani-Oskooee, Mohsen; Kutan, Ali M.; Xi, Dan - In: Applied Economics 45 (2013) 23, pp. 3278-3287
By introducing uncertainty, monetary volatility and economic volatility are said to make the public cautious, hence increase their cash holdings or their demand for money. On the other hand, because of monetary and economic uncertainty if the public seek safer assets than money, they may hold...