Arbeitspapier

Currency substitution, financial innovations and money demand

This paper presents some Finnish evidence on the importance of currency substitution and financial innovations for money demand. It is also shown that conventional demand for money specifications which do not take these factors into account are clearly misspecified and produce unreasonable results. The problem is particularly acute for narrow concepts of money.

ISBN
951-686-221-7
Language
Englisch

Bibliographic citation
Series: Bank of Finland Discussion Papers ; No. 31/1989

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Virén, Matti
Event
Veröffentlichung
(who)
Bank of Finland
(where)
Helsinki
(when)
1989

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Virén, Matti
  • Bank of Finland

Time of origin

  • 1989

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