Economic and Monetary Integration and the Aggregate Demand for Money in the EMS

Nopic
This study shows that the aggregate demand for M1 in the group of countries participating in the Exchange Rate Mechanism (ERM) of the European Monetary System can be expressed as a stable function of ERM-wide income, inflation, interest rates, and the exchange rate of the European Currency Unit (ECU) vis-à-vis the U.S. dollar. A notable feature... READ MORE...

Publication date: March 1990
ISBN 9781451921045
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Publication date: March 1990

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