Monetary Policy and Models of Currency Demand

Monetary Policy and Models of Currency Demand
Two types of currency in circulation models are identified: (1) a first generation derived from the theory of money demand and (2) a second generation aimed at producing daily forecasts of currency in circulation. In this paper, we transform the currency demand function into a VAR to capture the dynamic link between interest... READ MORE...

Publication date: February 2018
ISBN 9781484341926
$18.00

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