Download or read book Financial Innovation Banking and Monetary Aggregates written by A. W. Mullineux and published by Edward Elgar Publishing. This book was released on 1996-01-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Innovation, Banking and Monetary Aggregates reviews the impact of financial innovation on the measurement of money and presents the first collection of country studies appraising the usefulness of Divisia indices in deriving monetary aggregates. Monetary aggregates are traditionally formed by simply summing various monetary components such as cash and balances in savings and cheque accounts. The monetary usefulness, or 'moneyness', of these components differs and can change as a result of innovation in banking, monetary transmission and payment services. To gauge the importance of such distortions and the merits of alternative weighted monetary indices, particularly Divisia indices, this volume brings together authoritative empirical studies of countries including the US, the UK, Germany, France, Sweden, Italy and Japan. The authors conclude by showing how Divisia monetary indices act as a useful supplement to traditional monetary aggregates.
Download or read book Financial Innovation Ad the Monetary Aggregates written by Federal Reserve System. Board of Governors and published by . This book was released on 1981 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation and the Control of Monetary Aggregates written by Robert E. Jr Lucas and published by . This book was released on 1983 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the instability of the Canadian demand from Ml money since 1975:3. Section Two develops a specific form of the proposition which emphasizes the role of asset substitution between classes of chartered bank deposits. A relative asset demand equation is derived from a wealth maximization model subject to a technological transactions constraint and this equation is estimated from 1961 through 1982.The results lend support to the proposition that central bank control of Ml generated a rise in Ml velocity.
Download or read book Financial Innovations written by Federal Reserve Bank of St. Louis and published by Springer. This book was released on 1984-06-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation and the Control of Monetary Aggregates written by Robert F. Lucas and published by . This book was released on 1983 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the instability of the Canadian demand from Ml money since 1975:3. Section Two develops a specific form of the proposition which emphasizes the role of asset substitution between classes of chartered bank deposits. A relative asset demand equation is derived from a wealth maximization model subject to a technological transactions constraint and this equation is estimated from 1961 through 1982.The results lend support to the proposition that central bank control of Ml generated a rise in Ml velocity
Download or read book Financial Innovation Deregulation and the Redefinition Of Monetary Aggregates written by Ross Milbourne and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation Monetary Aggregates and Monetary Policy in Switzerland and the UK written by Andrew William Mullineux and published by . This book was released on 1995 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation and Monetary Policy written by Michael Pawley and published by Routledge. This book was released on 1993-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation Monetary Aggregates and Monetary Policy in the UK and Germany written by Werner Gaab and published by . This book was released on 1995* with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation Efficiency and Disequilibrium written by Peter D. Spencer and published by Oxford University Press, USA. This book was released on 1986 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary control has assumed increasing importance in Great Britain as inflationary pressures have intensified and other counter-inflation policies have collapsed. This book is the first complete exposition of the basic Treasury econometric model that was developed for financial cial forecasting and policy analysis. In it, the co-author of the model reviews Britain's experience and analyzes some of the problems that confronted the authorities in their attempts to restrain monetary grown between 1971 and 1981.
Download or read book Financial Innovation and Monetary Policy written by Bank for International Settlements. Monetary and Economic Department and published by . This book was released on 1984 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation and Monetary Aggregates in the UK written by James Lorne Ford and published by . This book was released on 1995 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation and Monetary Policy written by Yoshio Suzuki and published by . This book was released on 1986 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Explaining Monetary and Financial Innovation written by Peter Bernholz and published by Springer. This book was released on 2014-06-26 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.
Download or read book Financial Innovation and Monetary Policy in the UK written by A. W. Mullineux and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Framework for Analysing the Process of Financial Innovation written by Allen B. Frankel and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Innovation and the Money Supply written by T. M. Podolski and published by Wiley-Blackwell. This book was released on 1986 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:
