IDEAS home Printed from https://ideas.repec.org/p/isu/genstf/198705010700001168.html
   My bibliography  Save this paper

Measuring the Nearness of Modern Near-monies: Evidence from the Early 1980's

Author

Listed:
  • Gauger, Jean A.
  • Schroeter, John R.

Abstract

Existing empirical studies of the degree of sustainability among various monetary assets generally ignore several financial instruments which only recently have become prominent. Here this deficiency is remedied by investigating substitution behavior within a portfolio of near-monies which includes money market funds and interest bearing check able deposits, as well as conventional savings and time deposits. The research uses a standard technique of empirical production studies that has recently been applied to the issue of monetary asset substitution by Sims, Takayama, and Chao (1987). The findings here provide evidence of significant sustainability between each of the "modem" near-monies examined and money narrowly defined.

Suggested Citation

  • Gauger, Jean A. & Schroeter, John R., 1987. "Measuring the Nearness of Modern Near-monies: Evidence from the Early 1980's," ISU General Staff Papers 198705010700001168, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:198705010700001168
    as

    Download full text from publisher

    File URL: https://dr.lib.iastate.edu/server/api/core/bitstreams/214087c0-8892-4f04-91e5-7ea4dc5eda4b/content
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isu:genstf:198705010700001168. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.