Where Has All the Money Gone? Wealth and the Demand for Money in South Africa

After an upward trend for about 25 years, the income velocity of money in South Africa reversed its course in 1994 and began a steep decline that continues to the present day. Some writers have argued that the change in income velocity is symptomatic of an unstable demand for money. The implication...

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Veröffentlicht in:	Journal of African economies 2009, Vol.18 (1), p.84-112
Hauptverfasser:	Hall, Stephen G., Hondroyiannis, George, Swamy, P.A.V.B., Tavlas, George S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggregates C01 C12 C32 Demand curves Demand for money Developing countries E41 Economic analysis Empirical research Foreign exchange rates Income Inflation LDCs Measurement Monetary policy Money supply Real income Securities markets South Africa Studies Velocity of money Wealth Writers
Online-Zugang:	Volltext
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