Download or read book The Velocity of Money written by George Garvy and published by . This book was released on 1969 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Demand for Money written by Lars Jonung and published by Routledge. This book was released on 2018-02-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run Behavior of the Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. Demand for Money suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers.
Download or read book Demand for Money written by and published by Transaction Publishers. This book was released on with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as "The Long-Run Behavior of the Velocity of Circulation." Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. "Demand for Money" suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers. br> Michael D. Bordo is professor of economics and director of the Center for Monetary and Financial History at Rutgers University. He is editor of a series of books, "Studies in Macroeconomic History," and the author of "Essays on the Gold Standard and Related Regimes," and (with Anna J. Schwartz) "A Retrospective on the Classical Gold Standard 1821-1931." Lars Jonung is research adviser at ECFIN, European Commission, Brussels. He was previously professor of economics at the Stockholm School of Economics, and served as chief economic advisor to Prime Minister Carl Bildt from 1992 to 1994. Jonung is the author of "The Political Economy of Price Controls: The Swedish Experience 1970-1985," and editor of "The Stockholm School of Economics Revisited."
Download or read book Velocity of Money written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-15 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Velocity of Money The number of times that a single unit of currency is used to make purchases of goods and services within a specified amount of time is what is meant to be measured by the velocity of money. To put it another way, it refers to the number of times individuals exchange money. The idea establishes a connection between the level of economic activity and the amount of money that is available, and the rate at which money is exchanged is one of the factors that determines the level of inflation. The ratio of a country's gross national product (GNP) to its money supply is typically used as a measurement. This ratio is used to determine the velocity of money. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Velocity of money Chapter 2: Macroeconomics Chapter 3: Supply and demand Chapter 4: Inflation Chapter 5: Deflation Chapter 6: IS-LM model Chapter 7: Rational expectations Chapter 8: Phillips curve Chapter 9: Money supply Chapter 10: Aggregate demand Chapter 11: Quantity theory of money Chapter 12: Price level Chapter 13: Mundell-Fleming model Chapter 14: Equation of exchange Chapter 15: Supply (economics) Chapter 16: Demand for money Chapter 17: Monetary inflation Chapter 18: Baumol-Tobin model Chapter 19: McCallum rule Chapter 20: Monetary policy of the Philippines Chapter 21: Induced demand (II) Answering the public top questions about velocity of money. (III) Real world examples for the usage of velocity of money in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Velocity of Money.
Download or read book The Velocity of Money written by Roger John Williams and published by . This book was released on 1939 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book CHANGES IN THE VELOCITY OF MONEY 1951 1962 written by FEDERAL RESERVE BANK OF ST. LOUIS. and published by . This book was released on 1962 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book It s Velocity Stupid written by Harrison C Hartman and published by Infinity Publishing (PA). This book was released on 2015-04-10 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Loves Speed written by Joe Vitale and published by . This book was released on 2020-02-11 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quick! How would you answer these?-What can you do right now if you're desperate?-What are 35 ways to attract money almost instantly?-What would be better than winning the lottery?-What are the Top 10 limiting beliefs about money?-Why is money like a hammer or saw?-What is the sole purpose of money?-How can you succeed - with nothing at all?-What could be secretly sabotaging your success?-What really works in attracting more money fast?Get the surprising answers in this incredible new book by globally famous bestselling author Dr. Joe Vitale. Once homeless, known to his millions of fans as "Mr. Fire!," Dr. Vitale is world-renowned for his numerous hit titles, such as The Attractor Factor, Zero Limits, and The Miracle. He is one of the top 50 most inspiring speakers in the world. He is a star in the blockbuster movie The Secret, as well as a dozen other films. He created Miracles Coaching(R), The Awakening Course, The Secret Mirror, Hypnotic Writing, Advanced Ho'oponopono, Zero Limits Mastery, The Miracles Mastermind and more. He lives outside of Austin, Texas with his love, Lisa Winston. See www.JoeVitale.com "Dr. Joe- you did it again!! You lovingly got in our face. You lovingly erased all excuses for not being rich. You essentially wrote an exacting prescription for anyone to be as prosperous as they choose. This is a thoughtful and comprehensive checklist written in your warm and conversational style. This could be the most effective book on creating one's own wealth I've ever come across, and I've read most of them. You reference the Arnold Patent quote, "The sole purpose of money is to express appreciation." May you receive massive appreciation for the simple secrets some seem to exercise with ease while others of us have fumbled in the dark for. Darkness be gone- the path is illuminated right here!! Thank you, Dr. Joe!!!"-Daniel Barrett, author, musician, CEO"Dr. Joe Vitale does it again. He combines big picture strategy with practical, step-by-step, tactics to attract instant money and long-term wealth - Money truly does love Speed!" -Eric Bakey, Professional Dog Trainer & Visual Facilitator "Confucius said, ""It does not matter how slowly you go as long as you do not stop." But in his new book Money Loves Speed, Joe Vitale makes the case that speed does matter--a lot. And he is right. Hope and desire only get you halfway there, and some people never get off the starting blocks. Swift action gets you to the finish line in time to enjoy your victories and reap what you sow while you are still young enough to enjoy it. Joe says it best in the introduction: "People who tend to act the fastest make the most money." And by reading Money Loves Speed and following its instructions, you can be one of those fast - and rich - people ... just like Joe!"-Bob Bly, copywriter, prolific author"Dr. Joe has written a masterpiece that not only shares incredible tools, wonderful stories, but more importantly acts as a beacon to the universe saying... I am open and ready to receive."- Guitar Monk Mathew Dixon
Download or read book A Study of the Velocity of Money written by Edgar Streeter Dunn and published by . This book was released on 1948 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Changes in the Velocity of Money 1951 1969 written by and published by . This book was released on with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Key Role of the Velocity of Money and Credit written by Erin E. Jucker-Fleetwood and published by . This book was released on 1958 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Explaining and Forecasting the Velocity of Money in Transition Economies with Special Reference to the Baltics Russia and other Countries of the Former Soviet Union written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-09-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. To examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper develops a simple monetary model of the exchange rate incorporating price stickiness and inflation inertia, and carries out an econometric analysis of the behavior of real money balances during inflation stabilization. The paper concludes by assessing the prospects for velocity developments in countries in transition, including the likely pace of remonetization.
Download or read book Virtual Money written by Elinor Harris Solomon and published by Oxford University Press, USA. This book was released on 1997 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers an informative examination of the pros and cons of virtual money in its myriad forms. Beginning with the growth of the credit card in the mid-sixties, Solomon (economics, GWU) goes on to explore exotic new E-monies such as "Smart Cards," e-cash, electronic wallets, and cybermoney. Also covers upcoming innovations such as electronic benefits transfers (EBT), which may replace food stamps by 1999. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book The Stochastic Structure of the Velocity of Money written by John P. Gould and published by . This book was released on 1972 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Adaptive Markets written by Andrew W. Lo and published by Princeton University Press. This book was released on 2019-05-14 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.
Download or read book Trading at the Speed of Light written by Donald MacKenzie and published by Princeton University Press. This book was released on 2023-01-31 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal—light in a vacuum—can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges’ systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
Download or read book A Theoretical Explanation of why the Velocity of Circulation of Money is Lower in the More Developed Portions of the World written by Earl M. Peck and published by . This book was released on 1976 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
