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Recently, the Bundesbank claimed that monetary targeting has become considerably more diffcult by the increased volatility of short-term money growth. The present paper investigates the impact of German money growth volatility on income velocity and money demand in view of Friedman's money...
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) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …
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) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …
Persistent link: https://www.econbiz.de/10003746606
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, around 65% to 70% of the arithmetical volume of euro banknotes issued by the Bundesbank were in circulation outside Germany … in Germany, of which 25 percentage points were hoarded and 5 to 10 percentage points held for transaction purposes. The …
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