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paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …
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greenfield investments (GIs) and mergers and acquisitions (M&As). The findings indicate that market size and trade relationships …
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grow rapidly around the globe. Despite the high level of unemployment in some countries, the euro area is experiencing … suitably curb expansion. And a somewhat less expansive monetary policy emanating from the USA and euro area could curb …
Persistent link: https://www.econbiz.de/10011762790
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878
liquidity shocks on real share and house prices, VAR models are specified for the US and the euro area, as well as global VARs … effect is restricted to the US. Stock market prices are not affected. Thus, the results suggest that the link between …
Persistent link: https://www.econbiz.de/10011518883
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10011518893
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