Money Demand in the Euro Area : Where Do We Stand (Today)?

Where Do We Stand (Today)?

Money Demand in the Euro Area : Where Do We Stand (Today)?
The paper reviews the stability of long-run money demand in the euro area in the light of recent revisions to M3 data. The analysis confirms the existence of a stable long-run money demand, although the estimated equation implies a smaller equilibrium M3 growth than the European Central Bank's reference value of 4 percent. The stability of... READ MORE...

Publication date: November 2002
ISBN 9781451859423
$15.00

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