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Karaman Örsal, Deniz Dilan - 2009

Diese Dissertation beinhaltet vier Aufsätze, die zur Literatur der Panelkointegrationsmethodik beitragen. Der erste Aufsatz vergleicht die Eigenschaften der vier Residuen-basierten Panelkointegrationstests von Pedroni (1995, 1999) mit dem Likelihood-basierten Panelkointegrationstest von Larsson...

Persistent link: https://www.econbiz.de/10009467014

Fiscal policy under alternative exchange rate regimes : on the specification of money demand in new open economy macroeconomics

Steffen, Dirk - 2005

sensitiv auf die Spezifikation der Geldnachfrage reagiert. Dieser Themenkomplex wird über die Modellierung alternativer … Mikrofundierungen der Geldnachfrage adressiert, die jeweils unterschiedliche Skalierungsvariablen implizieren. Zunächst wird ein Money … Literatur, der dazu führt, dass der private Konsum die Skalierungsvariable der Geldnachfrage wird. Diesem Ansatz werden …

Persistent link: https://www.econbiz.de/10009475313

Money demand in dollarized countries: an empirical investigation ; Geldnachfrage in dollarisierten Ländern: Eine empirische Untersuchung

Freyhold-Hünecken, Alexander von - 2013

Persistent link: https://www.econbiz.de/10010353166

Riding the wave: monetary responses to aid surges in low-income countries

Buffie, Edward; Adam, Christopher S.; O'Connell, Stephen; … - 2006

We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can...

Persistent link: https://www.econbiz.de/10009441501

Reserve Requirements, Currency Substitution, and Seigniorage in the Transition to European Monetary Union

Daniels, Joseph; Van Hoose, David - 1996

This article considers a transition toward European monetary union that combines increased substitution of currencies and greater monetary, financial, and fiscal policy coordination. It explores how such a transition would affect national inflation and interest rates and required reserve ratios...

Persistent link: https://www.econbiz.de/10009484470

Currency Substitution and the Demand for Money in Five European Union Countries

Yildirim, Julide - 2003

The high degree of economic integration has led to an increased degree of currency substitution in the EU countries, which could bring instability in national money demand functions while an EU-wide money demand function could be more stable. Currency substitution usually takes the form of cross...

Persistent link: https://www.econbiz.de/10009445695

Die Währungsreform des Deutschen Reiches 1871-76

Kroha, Gerald - 2009

Die Gründung der EWU gilt als das wichtigste monetäre Ereignisse der jüngsten Vergangenheit. In der deutschen Geschichte gab es eine ähnliche Zäsur, die Währungsreform von 1871-76, in der nicht allein die gültigen Währungen, sondern auch das Bankwesen und das Metallregime verändert...

Persistent link: https://www.econbiz.de/10009454685

Money balances, economic activities and selective capital controls in Malaysia

Mad, Che Ani - 2005

This paper reports results of a test of money demand and supply as predicted by recent studies applied to small economies with greater openness to external factors. These results suggest that the short- and long-run money balances are determined by both the interest rate policies as well as the...

Persistent link: https://www.econbiz.de/10009441696

Fractional Cointegration And Aggregate Money Demand Functions

Caporale, GM; Gil-Alana, LA - 2005

This paper examines aggregate money demand relationships in five industrial countries by employing a two-step strategy for testing the null hypothesis of no cointegration against alternatives which are fractionally cointegrated. Fractional cointegration would imply that, although there exists a...

Persistent link: https://www.econbiz.de/10009481464

Oops, Another Money Demand Shift

Jordan, Jerry L.

Late in 1982, the growth of the money supply (MI) accelerated sharply while nominal GNP growth declined. The ratio of GNP to MI is refereed to as the "income velocity of money" and the inverse of velocity is the "demand for money." So when income growth slowed while money growth increased, it...

Persistent link: https://www.econbiz.de/10009482984