The Demand for Divisia Money in a Core Monetary Union
Year: 1997
Type: article
Abstract: Proponents of an aggregation theoretic approach to money demand argue that simple-sum measures do not capture the theoretical notion of money, especially for broad monetary aggregates. European monetary aggregation, which uses indices for monetary services, seems attractive because these indices can account for the imperfect substitutability between different currencies.
DOI: 10.20955/r.79.51-60
Author: Katrin Wesche
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2169073293