Money demand in Denmark 1980-2002

Arbeitspapier

This paper investigates the money demand in Denmark in the period 1980-2002 using quarterly data. Within the framework of a cointegrated vector autoregression model an empirical long-run money demand relation is identified and analysed. Nominal money demand is shown to be a function of domestic demand and the difference between money's own rate of return and a long-term foreign placements is no longer significant in the long-run relation. This result can be interpreted as being a conseqquence of increasing credibility of the fixed exchange rate system pursued by the Danish monetary authorities during the period under consideration.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Danmarks Nationalbank Working Papers ; No. 18

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: money demand ; co-integration ; Geldnachfrage ; Dänemark

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Andersen, Alan Bødskov
• Ereignis: Veröffentlichung
• (wer): Danmarks Nationalbank
• (wo): Copenhagen
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/82378
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ