Cross-border deposits, aggregation, and money demand in the transition to EMU

This paper discusses the relevance of cross-border deposits (CBDs) for the stability of the relation between monetary aggregates and nominal GDP in the five largest EEC countries. The importance of the issue derives from two facts. Firstly, CBDs have recently increased sharply in many EEC countries,...

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Veröffentlicht in:	Journal of policy modeling 1994-02, Vol.16 (1), p.27-54
Hauptverfasser:	Angeloni, Ignazio, Cottarelli, Carlo, Levy, Aviram
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic models Estimating techniques European monetary unit International Monetary unions Money supply Studies Supply & demand
Online-Zugang:	Volltext
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