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Money supply and Greek history monetary statistics: definition, construction, sources and data

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  • Sophia Lazaretou

    ()
    (Bank of Greece)

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    Abstract

    This paper attempts to provide, for the first time, a survey of the construction of estimates of the quantity of money in Greece since the inception of the National Bank of Greece in 1842 until the eve of WWII. Specifically, we describe in detail the methods of construction and the sources of data used in building these aggregates. We discuss the data collection procedure and publication practices. The end product is presented in a data appendix.

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    File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper2009105.pdf
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    Bibliographic Info

    Paper provided by Bank of Greece in its series Working Papers with number 105.

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    Length: 28 pages
    Date of creation: Oct 2009
    Date of revision:
    Handle: RePEc:bog:wpaper:105

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    Web page: http://www.bankofgreece.gr
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    Keywords: money; monetary aggregates; data; sources;

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    References

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    1. Lucas, Robert E., 1988. "Money demand in the United States: A quantitative review," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 137-167, January.
    2. Fratianni, Michele & Spinelli, Franco, 2001. "Fiscal Dominance and Money Growth in Italy: The Long Record," Explorations in Economic History, Elsevier, vol. 38(2), pages 252-272, April.
    3. Stephen G Hall & George Hondroyiannis & P.A.V.B. Swamy & George S. Tavlas, 2008. "A Portfolio Balance Approach to Euro-Area Money Demand in a Time-Varying Environment," Discussion Papers in Economics 08/9, Department of Economics, University of Leicester.
    4. Kaufman, George G, 1969. "More on an Empirical Definition of Money," American Economic Review, American Economic Association, vol. 59(1), pages 78-87, March.
    5. Lazaretou Sophia, 1995. "Government Spending, Monetary Policies, and Exchange Rate Regime Switches: The Drachma in the Gold Standard Period," Explorations in Economic History, Elsevier, vol. 32(1), pages 28-50, January.
    6. Allan H. Meltzer, 1963. "The Demand for Money: The Evidence from the Time Series," Journal of Political Economy, University of Chicago Press, vol. 71, pages 219.
    7. King, Robert G., 1988. "Money demand in the United States: A quantitative review," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 169-172, January.
    8. Pedro Teles & Ruilin Zhou, 2005. "A stable money demand: Looking for the right monetary aggregate," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 50-63.
    9. Lazaretou, Sophia, 2005. "The drachma, foreign creditors, and the international monetary system: tales of a currency during the 19th and the early 20th centuries," Explorations in Economic History, Elsevier, vol. 42(2), pages 202-236, April.
    10. Laidler, David, 1969. "The Definition of Money: Theoretical and Empirical Problems," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(3), pages 508-25, August.
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    Cited by:
    1. Leandro Prados de la Escosura, 2014. "Economic Freedom in the Long Run: Evidence from OECD Countries (1850-2007)," Working Papers in Economic History wp14-02, Universidad Carlos III, Departamento de Historia Económica e Instituciones.

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