Add to ORKGInnovations in the private financial sector influence the income velocity of money in an economy over the entire course of its development. In the early stages of growth, increased monetization, as manifested by the spread of the banking system, causes velocity to fall. Later, the emergence of nonbank financial intermediaries causes velocity to rise. Evidence of these patterns is found in regional demand deposit data from the United States.Money ; Regional economics
The paper functionally describes the income velocity of money by including the cost of a key substit...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
Innovations in the private financial sector influence the income velocity of money in an economy ove...
Monetary economists have devoted considerable effort to establishing a link between the financial in...
Time series and cross-country empirical results suggest that cash holding as a percentage of income ...
The paper shows that US GDP velocity of money has exhibited long cycles around a 1.25% per year upwa...
Using data from four countries, the paper tests Friedman\u27s hypothesis that the volatility of mone...
The recent decrease in U.S. money velocity raises debates about its unit root behavior. This paper r...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
Since World War II, permanent interest rate shocks have driven nearly all of the fluctuations of U.S...
The paper functionally describes the income velocity of money by including the cost of a key substit...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
Innovations in the private financial sector influence the income velocity of money in an economy ove...
Monetary economists have devoted considerable effort to establishing a link between the financial in...
Time series and cross-country empirical results suggest that cash holding as a percentage of income ...
The paper shows that US GDP velocity of money has exhibited long cycles around a 1.25% per year upwa...
Using data from four countries, the paper tests Friedman\u27s hypothesis that the volatility of mone...
The recent decrease in U.S. money velocity raises debates about its unit root behavior. This paper r...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
Since World War II, permanent interest rate shocks have driven nearly all of the fluctuations of U.S...
The paper functionally describes the income velocity of money by including the cost of a key substit...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...