ERM Money Supplies and the Transition to EMU:
Gespeichert in:
Internformat
MARC
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| 100 | 1 | |a Masson, Paul R. |e Verfasser |4 aut | |
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| 520 | 3 | |a Stage 2 of monetary union in the Europe is to involve greater monetary cooperation; the paper examines the case for using the M3 money supply aggregated across "core ERM" countries- -those with low inflation and absence of realignments- -as a vehicle for that cooperation. First, the existence of a satisfactory long-run money demand relationship and short-run dynamic equation is verified. The resulting demand equations have at least as satisfactory econometric properties as those for France and Germany separately. Second, the predictive power of the core-ERM aggregate relative to French and German inflation is examined; it is shown that the aggregate helps to predict German inflation, over and above the predictive power of German M3. Thus, core-ERM M3 has value as an indicator for the anchor country in hitting its own domestic objective, quite separate from any concern about economic developments in neighboring countries | |
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Datensatz im Suchindex
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| id | DE-604.BV048345889 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:10Z |
| institution | BVB |
| isbn | 1451841566 9781451841565 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033725157 |
| oclc_num | 1337130567 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (42 p) |
| psigel | ZDB-1-IMF |
| publishDate | 1994 |
| publishDateSearch | 1994 |
| publishDateSort | 1994 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Masson, Paul R. ERM Money Supplies and the Transition to EMU |
| title | ERM Money Supplies and the Transition to EMU |
| title_auth | ERM Money Supplies and the Transition to EMU |
| title_exact_search | ERM Money Supplies and the Transition to EMU |
| title_full | ERM Money Supplies and the Transition to EMU Masson, Paul R |
| title_fullStr | ERM Money Supplies and the Transition to EMU Masson, Paul R |
| title_full_unstemmed | ERM Money Supplies and the Transition to EMU Masson, Paul R |
| title_short | ERM Money Supplies and the Transition to EMU |
| title_sort | erm money supplies and the transition to emu |
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