included in measures of the money supply. The reason is accounting conventions, which do not permit adding liabilities, such as … credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on … cards and money. In the transmission mechanism of central bank policy, these results raise potentially fundamental questions …

between those quarters (i.e., from the early 1340s to the mid 1370s). The analysis of the evidence on money, prices, and wages … formula: NWI/CPI = RWI). Thus the undisputed rise in nominal or money wages following the Black Death was literally ‘swamped …

in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian …

currency or an international central bank. This paper focuses on Hayek’s overall philosophy on international money mechanism … bank and his concerned over unstable arrangements in money mechanism,which, he believes, profoundly affects economic and …

the demand for money. Exogeneous or endogenous money supply? The different positions taken in the literature on the …

This paper examines the major drivers of the asset counterpart of the observed money supply in Ghana since the adoption … of the Economic Recovery Programmes in Ghana. Using the traditional money multiplier approach, the relative contributions … of fiscal financing and capital inflows to the money supply process were examined. It is found that until the mid …

This paper examines the major drivers of the asset counterpart of the observed money supply in Ghana since the adoption … of the Economic Recovery Programmes in Ghana. Using the traditional money multiplier approach, the relative contributions … of fiscal financing and capital inflows to the money supply process were examined. It is found that until the mid …

We investigate quantitative implications of precautionary demand for money for business cycle dynamics of velocity and … cycle models that have incorporated money have failed to generate realistic predictions in this regard. In those models …,the only uncertainty aecting money demand is aggregate. We investigate a model with uninsurable idiosyncratic uncertainty about …

the Central Bank balance sheet) and b) reduce the money-multiplier by an implementation of a strong minimum reserving …