The Implications of Cross-Border Monetary Aggregation /

Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European Central...

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Bibliografiske detaljer
Hovedforfatter: Lane, Timothy
Andre forfattere: Kremers, Jeroen
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1992.
Serier:IMF Working Papers; Working Paper ; No. 1992/071
Online adgang:Full text available on IMF
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245 1 4 |a The Implications of Cross-Border Monetary Aggregation /  |c Timothy Lane, Jeroen Kremers. 
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300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European Central Bank. This paper uses a theoretical error-invariables framework to identify what is gained and what may be lost through cross-border aggregation of money demand. It provides an analytical basis for such studies, paying particular attention to currency substitution and international portfolio diversification. 
538 |a Mode of access: Internet 
700 1 |a Kremers, Jeroen. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/071 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1992/071/001.1992.issue-071-en.xml  |z IMF e-Library