The velocity of money: evidence for the U.K. 1911-1966.

In this respect the paper contributes to the understanding of the well known Cagan inflationary finance models failure with perfect foresight and provides a test for

Our main ndings are: (1) A core-periphery structure provides a better t for these interbank data than alterna- tive network models, (2) the identied core is quite stable over

We assume that technological changes in transactions (financial innovation) can be described by a stochastic trend process, and therefore they are permanent shocks to money demand..

Oleh kerana, semua pemboleh ubah siri masa mencapai kepegunan pada tahap yang sama iaitu pembezaan pertama, maka ia membolehkan ujian kointegrasi dijalankan untuk

In line with the QTM assumptions explained above, Ozmen emphasizes that even if this requirement constitutes a necessary condition for the quantity theory, this is not a

In light to these problems, the present study attempts to re-investigate the Japanese M2 money demand function and its stability by incorporating the rolling regression approach

KS statistic for the candidate distributions (tail). Minimum values in bold indicate the best tting distribu- tion. Asterisks indicate non-rejection of this distribution at the

The Global Fund could also reward, either financially or through visibility, principal recipients and local fund agent partners that match their cost and spending data with