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Fallacies in the interpretation of a european monetary aggregate

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  • Ivo Arnold

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  • Ivo Arnold, 1996. "Fallacies in the interpretation of a european monetary aggregate," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 132(4), pages 753-762, December.
    • Handle: RePEc:spr:weltar:v:132:y:1996:i:4:p:753-762
    DOI: 10.1007/BF02707593
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    References listed on IDEAS

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    1. Ignazio Angeloni & Aviram Levy & Mr. Carlo Cottarelli, 1991. "Cross-Border Deposits and Monetary Aggregates in the Transition to EMU," IMF Working Papers 1991/114, International Monetary Fund.
    2. Mr. Timothy D. Lane & Mr. Stephen S. Poloz, 1992. "Currency Substitution and Cross-Border Monetary Aggregation: Evidence From the G-7," IMF Working Papers 1992/081, International Monetary Fund.
    3. Brittain, Bruce, 1981. "International Currency Substitution and the Apparent Instability of Velocity in Some Western European Economies and in the United States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 13(2), pages 135-155, May.
    4. Monticelli, Carlo & Strauss-Kahn, Marc-Olivier, 1993. "European Integration and the Demand for Broad Money," The Manchester School of Economic & Social Studies, University of Manchester, vol. 61(4), pages 345-366, December.
    5. Mr. Peter B. Kenen & Mr. Tamim Bayoumi, 1992. "Using An EC-Wide Monetary Aggregate in Stage Two of EMU," IMF Working Papers 1992/056, International Monetary Fund.
    6. Mr. Paul R Masson & Marcel Cassard & Mr. Timothy D. Lane, 1994. "ERM Money Supplies and the Transition to EMU," IMF Working Papers 1994/001, International Monetary Fund.
    7. P. Bekx & G. Tullio, 1989. "A note on the European Monetary System, and the determination of the DM-dollar exchange rate," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 123, pages 329-343.
    8. Jacob A. Frenkel & Morris Goldstein, 1991. "Monetary Policy in an Emerging European Economic and Monetary Union: Key Issues," IMF Staff Papers, Palgrave Macmillan, vol. 38(2), pages 356-373, June.
    9. Martin Falk & Norbert Funke, 1995. "The stability of money demand in Germany and in the EMS: Impact of German unification," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(3), pages 470-488, September.
    10. Masson,Paul R. & Taylor,Mark P. (ed.), 1993. "Policy Issues in the Operation of Currency Unions," Cambridge Books, Cambridge University Press, number 9780521434553.
    11. Ivo J. M. Arnold, 1992. "The Derivation of the Liquidity Ratio in the EMS: Comment on Kremers and Lane," IMF Staff Papers, Palgrave Macmillan, vol. 39(1), pages 195-202, March.
    12. Jacob A. Frenkel & Morris Goldstein, 1991. "Monetary Policy in an Emerging European Economic and Monetary Union: Key Issues," IMF Staff Papers, Palgrave Macmillan, vol. 38(2), pages 356-373, June.
    13. Jeroen J. M. Kremers & Timothy D. Lane, 1990. "Economic and Monetary Integration and the Aggregate Demand for Money in the EMS," IMF Staff Papers, Palgrave Macmillan, vol. 37(4), pages 777-805, December.
    14. Carlo Monticelli, 1993. "'All the money in europe?' An investigation of the economic properties of EC-wide extended monetary aggregates," BIS Working Papers 19, Bank for International Settlements.
    15. den Butter, F. A. G. & Fase, M. M. G., 1981. "The demand for money in EEC countries," Journal of Monetary Economics, Elsevier, vol. 8(2), pages 201-230.
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    Cited by:

    1. Lehment, Harmen, 1998. "Geldpolitik und lohnpolitischer Verteilungsspielraum in der Europäischen Währungsunion," Open Access Publications from Kiel Institute for the World Economy 1757, Kiel Institute for the World Economy (IfW Kiel).
    2. Arnold, Ivo J. M. & de Vries, Casper G., 2000. "Endogeneity in European money demand," European Journal of Political Economy, Elsevier, vol. 16(4), pages 587-609, November.
    3. Gottschalk, Jan, 1999. "A cointegration analysis of a money demand system in Europe," Kiel Working Papers 902, Kiel Institute for the World Economy (IfW Kiel).
    4. Ali F. Darrat & Marc C. Chopin & Ross N. Dickens, 2001. "The Dollar and U.S. Inflation: Some Evidence from a Vecm Process," The American Economist, Sage Publications, vol. 45(2), pages 3-12, October.
    5. Volker Clausen, 1998. "Money demand and monetary policy in Europe," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 134(4), pages 712-740, December.

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