Regulation, with a focus on six countries (Argentina, Brazil, China, India, Mexico and the United States) where individual …

Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be … this fact. First, in some countries outside the euro area the sources of instabilities in money demand were country …-specific. Second, financial innovation appears to have had a weaker impact on money demand in the euro area than in other economies. A …

interests are, the higher is welfare; (3) the bank can allocate its investments strategically across countries to escape closure. …