Arbeitspapier
McKinnon's currency substitution hypothesis: some new evidence
This paper tests the hypothesis advanced particularly by McKinnon that the U.S. economy is strongly affected by the world supply of money and the U.S. effective exchange rate while the domestic money supply is of minor importance. This currency substitution hypothesis is tested using monthly data for the floating exchange rate period 1973 - 1989. The empirical results give clear support to McKinnon's hypothesis.
- ISBN
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951-686-262-4
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 20/1990
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Virén, Matti
- Event
-
Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
-
1990
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Virén, Matti
- Bank of Finland
Time of origin
- 1990
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