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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
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
Persistent link: https://www.econbiz.de/10010353166
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
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
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
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
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
The objectives of this research are to analyze the contribution of real income, interest rate, inflation to the change on money demand in Indonesia, to know the contribution of real income, interest rate, money demand to the change on inflation in Indonesia, to know the contribution of real...
Persistent link: https://www.econbiz.de/10009464121
, the negative income elasticity which is found is not theory-consistent). Consequently, it appears that money targeting …
Persistent link: https://www.econbiz.de/10009481464