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Small time deposits and the recent weakness in M2

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  • John Wenninger
  • John Partlan
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    Abstract

    The authors review the supply and demand side developments that may have contributed to the recent decline in small time deposits and weak M2 growth. They also consider whether M2 should be redefined to exclude small time deposits in light of the recent difficulties in interpreting the performance of M2.

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    File URL: http://www.newyorkfed.org/research/quarterly_review/1992v17/v17n1article2.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of New York in its journal Quarterly Review.

    Volume (Year): (1992)
    Issue (Month): Spr ()
    Pages: 21-35

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    Handle: RePEc:fip:fednqr:y:1992:i:spr:p:21-35:n:v.17no.1

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    Related research

    Keywords: Bank deposits ; Money supply ; Bank loans;

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    Cited by:
    1. Carlson, John B. & Hoffman, Dennis L. & Keen, Benjamin D. & Rasche, Robert H., 2000. "Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates," Journal of Monetary Economics, Elsevier, vol. 46(2), pages 345-383, October.
    2. Duca, John V. & VanHoose, David D., 2004. "Recent developments in understanding the demand for money," Journal of Economics and Business, Elsevier, vol. 56(4), pages 247-272.
    3. Yash P. Mehra, 1997. "A review of the recent behavior of M2 demand," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 27-44.

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