The Early Stages of Financial Innovation and Money Demand in France and Italy
This paper gives a detailed account of the early stages of the process of financial innovation in France and Italy and its consequences on the demand for traditional monetary aggregates. For the two countries, the need to finance large budget deficits emerges as the most important factor that started that process. Nevertheless, its consequences on money demand were different. In the case of France, the introduction of new types of financial assets accounts well for the overprediction of money demand; in the case of Italy, it does not. Copyright 1989 by Blackwell Publishers Ltd and The Victoria University of Manchester
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 57 (1989)
Issue (Month): 2 (June)
|Contact details of provider:|| Postal: Manchester M13 9PL|
Phone: (0)161 275 4868
Fax: (0)161 275 4812
Web page: http://www.socialsciences.manchester.ac.uk/economics/
More information through EDIRC