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Working Paper
\"Here, dollars, dollars ...\"estimating currency demand and worldwide currency substitution
Doyle, Brian M.
(2000)
In measuring the percentage of foreign-held U.S., German, and Swiss currencies for the period of the 1960s through the 1990s, I obtain estimates much different from those of others. Using currency demand equations implied by cointegrating vectors for Canada, the Netherlands, and Austria, I estimate that in 1996 only 30% of U.S. currency was held outside the United States, and as much as 69% of German currency was held outside Germany. The U.S. estimate falls slowly over the 1960s, reaching a low of 5% in the first half of the 1970s, then rises through the early 1980s and again during the ...
International Finance Discussion Papers
, Paper 657
Journal Article
Much ado about M2
Hafer, Rik
(1981-10)
Review
, Volume 63
, Issue Oct
, Pages 13-18
Journal Article
Savings, money demand and the inflation/unemployment tradeoff
Bisignano, Joseph
(1977-07)
Economic Review
, Issue Sum
, Pages 6-20
Working Paper
The demand for money during hyperinflations under rational expectations: II
Sargent, Thomas J.
(1976)
Working Papers
, Paper 60
Journal Article
Money demand in a flexible dynamic Fourier expenditure system (commentary)
Swofford, James L.
(1994-03)
Review
, Issue Mar
, Pages 129-131
Journal Article
An early look at the volatility of money and interest rates under CRR
Thornton, Daniel L.
(1984-10)
Review
, Volume 66
, Issue Oct
, Pages 26-32
Journal Article
Money growth variability and GNP
Belongia, Michael T.
(1984-04)
Review
, Volume 66
, Issue Apr
, Pages 23-31
Conference Paper
Money demand in a flexible dynamic Fourier expenditure system
Fisher, Douglas; Fleissig, Adrian
(1994-03)
Proceedings
, Issue Mar
, Pages 117-128
Working Paper
Dynamic adjustment in the demand for money: tests of alternative hypotheses
Scadding, John L.; Judd, John P.
(1982)
Working Papers in Applied Economic Theory
, Paper 110
Journal Article
Short-run money growth volatility: evidence of misbehaving money demand?
Hein, Scott E.
(1982-06)
Review
, Volume 64
, Issue Jun
, Pages 27-36
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