Showing 1 - 10 of 27
In this paper, we re-examine the relationship between money and interest rates with a focus on the past few years, when the opportunity cost of M2 has dropped below zero. Until the late 1980s, a stable relationship between monetary aggregates and the opportunity cost of holding money--measured...
Persistent link: https://www.econbiz.de/10014121053
In this paper, we re-examine the relationship between money and interest rates with a focus on the past few years, when the opportunity cost of M2 has dropped below zero. Until the late 1980s, a stable relationship between monetary aggregates and the opportunity cost of holding money -- measured...
Persistent link: https://www.econbiz.de/10013056165
Persistent link: https://www.econbiz.de/10009693463
Persistent link: https://www.econbiz.de/10009665297
It would seem that physical currency should be fading out as the world of payments is increasingly electronic, with new technologies emerging at a rapid pace, and as governments look to restrictions on large-denomination notes as a way to reduce crime and tax evasion. Nonetheless, demand for...
Persistent link: https://www.econbiz.de/10011731059
Persistent link: https://www.econbiz.de/10015271873
Persistent link: https://www.econbiz.de/10002125917
The role of capital flows in the buildup to the global financial crisis and the potential vulnerabilities posed by capital flows to emerging market economies highlight the importance of reliable and timely measures of cross-border investment activity to better monitor developments as they...
Persistent link: https://www.econbiz.de/10013048862
Persistent link: https://www.econbiz.de/10010404128
Persistent link: https://www.econbiz.de/10008732387