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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Danmarks Nationalbank Working Papers ; No. 18

Classification and Topics

• Classification: Wirtschaft
• Subject: money demand ; co-integration ; Geldnachfrage ; Dänemark

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Andersen, Alan Bødskov
• Event: Veröffentlichung
• (who): Danmarks Nationalbank
• (where): Copenhagen
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/82378
• Last update: 10.03.2025, 11:43 AM CET