... stabilization greatly but only the introduction of a monetary authority would fully stabilize the system by injecting or withdrawing money depending on the state of the economy. Money becomes centrally issued and it would be destabilizing if it was accompanied by central and/or commercial bank seigniorage...

.../implications Measures of the UE, and particularly those based on monetary approaches, have been criticized on several counts, including their lack of robustness and weak theoretical foundations (e.g. the velocity of money in the recorded economy and in the UE is the same). Practical implications...

...Mohsen Bahmani‐Oskooee; Abera Gelan Purpose Studies that have addressed the stability of the demand for money in African countries are rare. A few papers have addressed the issue in a small number of individual countries. For cross‐country comparison, this paper aims to investigate the stability...

...Hülya Saygili Purpose This study investigates functional equivalence between entering money into transaction costs that appears in firms' cost functions and the money in the production function. In light of this model, the purpose of the study is to show the impact of financial account management...

...George B. Tawadros Purpose The purpose of this paper is to test the hypothesis of long‐run money neutrality for Egypt, Jordan and Morocco using seasonal cointegration techniques. Design/methodology/approach The paper uses seasonal integration and cointegration techniques to test the neutrality...

... allows not only the presence of volatility clustering but also the presence of asymmetries in that volatility clustering. Findings The empirical findings suggest that money supply volatility exerts a significant asymmetric influence on output volatility, i.e. the variance of output changes more due...

...Roger J. Sandilands Presents a paper written by Lauchlin Currie in November 1992 in which he identifies and defends the concepts of money and the demand for it. The paper argues that the heavy cost of maintaining checking accounts is not reasonably explained by the conventional listing...

...Roger J. Sandilands Presents a paper written by Lauchlin Currie in January 1991 in which he attempts to demonstrate how lack of precision in the use of terms relating to money and savings can lead to a lack of precision in theories, which in turn leads to errors or misunderstandings in policies...

...Heinrich Bortis Presents a review of Money and Inflation – A New Macroeconomic Analysis (Sergio Rossi (with a Foreword by Mauro Baranzini and Alvaro Cencini) Edward Elgar Cheltenham, UK and Northampton, MA, USA 2001 li + 238 pp.) © Emerald Group Publishing Limited 2004 Money...

...Irfan Civcir This paper investigates the empirical relationship between money, real income, interest rates, inflation and expected exchange rate, and examines the constancy of this relationship, especially in the light of financial reform, deregulation of financial markets and financial crises...

...A.C. Arize; J. Malindretos; S. Christoffersen This paper examines the existence and stability of both the long‐ and short‐run demand for narrow and broad money balances. The data for Singapore are used as a case study. The quarterly period examined is 1973:2‐1999:3 (105 observations). The study...

... show that manufacturing sectors, a negative financial position, as well as the degree of nominal wage indexation, enhance the effect of monetary policy. © MCB UP Limited 2002 Money Policy Regional development In January 1999, a European Central Bank (ECB) was created...

... from money to nominal income. However, there is no evidence of a causal flow from nominal income to various definitions of money. These results confirm the Bundesbank’s claim that monetary growth runs ahead of fluctuations in nominal income in Germany. That is, the Bundesbank is able to target nominal...

... Inflation Income Central government Money Policy Cointegration … it is probably too early to declare that the inflation‐targeting approach has succeeded in delivering lower inflation, given that inflation has also generally declined in many industrial countries that have not adopted inflation...

..., attention is paid to stimulating the growth of the economy. © MCB UP Limited 2002 Money Policy Taiwan Narratives Algorithms Conventional research on the monetary policy reaction function often requires the selection of certain money market indicators, e.g. monetary aggregates, federal...

...Abul M.M. Masih; Rumi Masih Attempts to look into the question of causality between money and prices in the context of international comparison in four South‐east Asian developing countries, based on an improved methodology. Thailand, Malaysia, Singapore, and the Philippines were used as case...