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Demand for Money
The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run Behavior of the Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. ...
Demand for Money
The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as "The Long-Run Behavior of the Velocity of Circulation." Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold...
Velocity of Money
What is Velocity of Money The number of times that a single unit of currency is used to make purchases of goods and services within a specified amount of time is what is meant to be measured by the velocity of money. To put it another way, it refers to the number of times individuals exchange money. The idea establishes a connection between the level of economic activity and the amount of money that is available, and the rate at which money is exchanged is one of the factors that determines the level of inflation. The ratio of a country's gross national product (GNP) to its money supply is typically used as a measurement. This ratio is used to determine the velocity of money. How you will be...
An Empirical Study
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Does Transaction Velocity of Money Work on GDP? An Empirical Study
The economy system is like that of human bodies. In human bodies, both the stock and the velocity of blood are very important. In the economy system, the stock of money and its velocity have the analogous positions. But in the development of the monetary economics, economists have devoted more efforts into the stock of money, while the velocity is put in a less important place and, moreover, most of studies, theoretically and empirically, treat the velocity of money as income velocity. Under this condition, money is considered as store of value. However actual velocity of money is not the income velocity, but the transaction velocity. In this paper, I present why actual velocity of money is ...
Advanced Study in Money and Banking
The Book Advanced Study In Money & Banking : Theory & Policy Relevance In The Indian Economy Is A Complete Treatise On Banking And Global Financial Developments With Special Reference To Dmcs And The Indian Economy. It Provides An Invaluable, Up-To-Date And Refreshing Approach To Key Development Issues Pertaining To Monetary Theory, Banking, And Policy Matters. The Theoretical, Institutional And Historical Approaches Have Been Skilfully Integrated To Explore And Elucidate The Interrelationships Of Money And Banking And The Functioning Of The Economy As A Whole. The Analytical Study Of The Main Operational Ratios Of Banks For The Period 1998 To 2003 Gives An Overview Of The Bank Street Scenar...
Understanding Economic Recovery in the 1930s
A must read for specialists interested in Depression-era economics
