Nautz, Dieter; Ruth, Karsten - In: The European Journal of Finance 14 (2008) 8, pp. 701-716
Although stable money demand functions are crucial for the monetary model of the exchange rate, empirical research on … exchange rates and money demand is more or less disconnected. This paper tries to fill the gap for the euro/dollar exchange … rate. We investigate whether monetary disequilibria provided by the empirical literature on US and European money demand …