Currency Substitution and Cross-Border Monetary Aggregation : Evidence From the G-7

Evidence From the G-7

Currency Substitution and Cross-Border Monetary Aggregation : Evidence From the G-7
Is there a stable aggregate money demand relationship for Europe? If so, why, and if not, why not? These questions are important for the implementation of policy by a European central bank, as well as for the appropriate speed of transition to EMU. This paper addresses them in a multi-country empirical study of money demand for the G-7 countries... READ MORE...

Publication date: October 1992
ISBN 9781451955040
$15.00

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