THE STABILITY OF MONEY DEMAND IN GERMANY AND IN THE EMS - IMPACT OF GERMAN UNIFICATION

被引：9
|
作者：
FALK, M
FUNKE, N
机构：
[1] KIEL INST WORLD ECON,KIEL,GERMANY
[2] ORG ECON COOPERAT & DEV,DEPT ECON,F-75775 PARIS,FRANCE
来源：
WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS | 1995年 / 131卷 / 03期
关键词：
D O I：
10.1007/BF02707913
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The Stability of Narrow Money Demand in Germany and Aggregate Money Demand in the EMS: Impact of German Unification. - This paper shows that the German monetary union not only had an impact on the stability of the narrow money demand in Germany but also on the stability of the aggregate demand for money in two larger European currency areas, consisting of three and seven EMS countries. However, the impact was only of a temporary nature. The empirical results show that the close link between real money, output, and the interest rate still exists. In a European Monetary Union, narrow money thus remains a potential candidate as an indicator and/or intermediate target for the European Central Bank.
引用
收藏
页码：470 / 488
页数：19
相关论文
共 50 条
  • [21] Investigating stability and linearity of a German M1 money demand function
    Lütkepohl, H
    Teräsvirta, T
    Wolters, J
    [J]. JOURNAL OF APPLIED ECONOMETRICS, 1999, 14 (05) : 511 - 525
  • [22] The Wende of Poland and the unification of Germany - German - Hajnicz,A
    不详
    [J]. AUSSEN POLITIK, 1996, 47 (03): : 313 - 314
  • [23] THE GERMAN HYPERINFLATION AND THE DEMAND FOR MONEY REVISITED
    MICHAEL, P
    NOBAY, AR
    PEEL, DA
    [J]. INTERNATIONAL ECONOMIC REVIEW, 1994, 35 (01) : 1 - 22
  • [24] MONEY DEMAND - GERMAN - HERI,EW
    WOLTERS, J
    [J]. JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 1988, 144 (02): : 439 - 441
  • [25] A REEXAMINATION OF THE STABILITY OF THE DEMAND FOR MONEY IN PAKISTAN
    AHMAD, M
    KHAN, AH
    [J]. JOURNAL OF MACROECONOMICS, 1990, 12 (02) : 307 - 321
  • [26] Dollarization and money demand stability in Bolivia
    Kuscevic, Casto Martin Montero
    Martin, Darius Daniel
    [J]. ECONOMICS AND BUSINESS LETTERS, 2015, 4 (03): : 116 - 122
  • [27] The stability of the US money demand function
    Jondeau, E
    VillermainLecolier, N
    [J]. REVUE ECONOMIQUE, 1996, 47 (05): : 1121 - 1148
  • [28] STABILITY OF THE DEMAND FOR MONEY BY THE HOUSEHOLD SECTOR
    LAUMAS, GS
    [J]. SOUTHERN ECONOMIC JOURNAL, 1979, 46 (02) : 603 - 608
  • [29] Investigating the Stability of Money Demand in Ghana
    Nchor, Dennis
    Adamec, Vaclav
    [J]. 19TH INTERNATIONAL CONFERENCE ENTERPRISE AND COMPETITIVE ENVIRONMENT 2016, 2016, 220 : 288 - 293
  • [30] IMPACT OF UNIFICATION ON GERMAN SPACE ACTIVITIES
    HOBE, S
    SPUDE, M
    [J]. SPACE POLICY, 1991, 7 (04) : 323 - 327
12345