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Financial innovation, new assets, and the behavior of money demand

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  • Glennon, Dennis
  • Lane, Julia

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  • Glennon, Dennis & Lane, Julia, 1996. "Financial innovation, new assets, and the behavior of money demand," Journal of Banking & Finance, Elsevier, vol. 20(2), pages 207-225, March.
  • Handle: RePEc:eee:jbfina:v:20:y:1996:i:2:p:207-225
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    References listed on IDEAS

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    1. Richard Startz, 1983. "Competition and Interest Rate Ceilings in Commercial Banking," The Quarterly Journal of Economics, Oxford University Press, vol. 98(2), pages 255-265.
    2. Milbourne, Ross, 1986. "Financial Innovation and the Demand for Liquid Assets: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(4), pages 506-511, November.
    3. P. A. V. B. Swamy & George S. Tavlas, 1989. "Financial Deregulation, the Demand for Money, and Monetary Policy in Australia," IMF Staff Papers, Palgrave Macmillan, vol. 36(1), pages 63-101, March.
    4. Lippman, Steven A & McCall, John J, 1986. "An Operational Measure of Liquidity," American Economic Review, American Economic Association, vol. 76(1), pages 43-55, March.
    5. Goldfeld, Stephen M. & Sichel, Daniel E., 1990. "The demand for money," Handbook of Monetary Economics,in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 1, chapter 8, pages 299-356 Elsevier.
    6. Robert L. Hetzel, 1987. "Will Recent High Growth Rates Of Money Revive Inflation?," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 41-53, January.
    7. Frodin, Joanna H. & Startz, Richard, 1982. "The NOW account experiment and the demand for money," Journal of Banking & Finance, Elsevier, vol. 6(2), pages 179-193, June.
    8. Patrick I. Mahoney & Alice P. White & Paul F. O'Brien & Mary M. McLaughlin, 1987. "Responses to deregulation: retail deposit pricing from 1983 through 1985," Staff Studies 151, Board of Governors of the Federal Reserve System (U.S.).
    9. Milbourne, Ross & Moore, H Alec, 1986. "Some Statistical Evidence on the Effects of Financial Innovation," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 521-525, August.
    10. Miller, Stephen M., 1989. "Money demand instability: has it ended?," Economics Letters, Elsevier, vol. 30(4), pages 345-349, October.
    11. Santomero, Anthony M, 1984. "Modeling the Banking Firm: A Survey," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 576-602, November.
    12. William A. Barnett & Douglas Fisher & Apostolos Serletis, 2006. "Consumer Theory and the Demand for Money," World Scientific Book Chapters,in: Money And The Economy, chapter 1, pages 3-43 World Scientific Publishing Co. Pte. Ltd..
    13. Barmish, B. Ross, 1984. "A new approach to the incorporation of attributes into consumer theory," Journal of Economic Theory, Elsevier, vol. 32(1), pages 93-110, February.
    14. Poole, William, 1988. "Monetary Policy Lessons of Recent Inflation and Disinflation," Journal of Economic Perspectives, American Economic Association, vol. 2(3), pages 73-100, Summer.
    15. Michael C. Keeley & Gary C. Zimmerman, 1986. "Deposit rate deregulation and the demand for transactions media," Economic Review, Federal Reserve Bank of San Francisco, issue Sum, pages 47-62.
    16. Hendler, Reuven, 1975. "Lancaster's New Approach to Consumer Demand and Its Limitations," American Economic Review, American Economic Association, vol. 65(1), pages 194-199, March.
    17. Thomas D. Simpson, 1984. "Changes in the Financial System: Implication for Monetary Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 15(1), pages 249-272.
    18. Ahmet Baytas & Alvin L. Marty, 1989. "The Interest Elasticity of Money Demand: Further Evidence," Eastern Economic Journal, Eastern Economic Association, vol. 15(2), pages 107-111, Apr-Jun.
    19. Donald D. Hester, 1981. "Innovations and Monetary Control," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(1), pages 141-200.
    20. Cosimano, Thomas F., 1988. "The banking industry under uncertain monetary policy," Journal of Banking & Finance, Elsevier, vol. 12(1), pages 117-139, March.
    21. Courtenay C. Stone & Daniel L. Thornton, 1987. "Solving the 1980s' velocity puzzle: a progress report," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-23.
    22. Cosimano, Thomas F, 1987. "The Federal Funds Market under Bank Deregulation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 19(3), pages 326-339, August.
    23. Flannery, Mark J, 1981. "Market Interest Rates and Commercial Bank Profitability: An Empirical Investigation," Journal of Finance, American Finance Association, vol. 36(5), pages 1085-1101, December.
    24. Bharat Trehan & Carl E. Walsh, 1987. "Portfolio Substitution And Recent M1 Behavior," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 54-63, January.
    25. Gauger, Jean, 1992. "Portfolio Redistribution Impacts within the Narrow Monetary Aggregate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(2), pages 239-257, May.
    26. Hetzel, Robert L & Mehra, Yash P, 1989. "The Behavior of Money Demand in the 1980s," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 21(4), pages 455-463, November.
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    Citations

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    Cited by:

    1. Paolo Savona & Aurelio Maccario & Chiara Oldani, 2000. "On Monetary Analysis of Derivatives," Open Economies Review, Springer, vol. 11(1), pages 149-175, August.
    2. Demid Golikov, 2005. "Financial Intermediary In Monetary Economics: An Excerpt," Macroeconomics 0510018, EconWPA.
    3. Livio Stracca, 2003. "The Functional Form Of The Demand For Euro Area M1," Manchester School, University of Manchester, vol. 71(2), pages 172-204, March.
    4. Chiara Oldani, 2006. "money demand and futures," ISAE Working Papers 69, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
    5. Choudhry Taufiq, 2002. "Financial Innovations And Demand For United States M1 And M2 Components," International Economic Journal, Taylor & Francis Journals, vol. 16(1), pages 73-93.
    6. Chiara Oldani, 2005. "An Overview of the Literature about Derivatives," Macroeconomics 0504004, EconWPA.
    7. Singh, Sunny Kumar, 2016. "Currency demand stability in the presence of seasonality and endogenous financial innovation: Evidence from India," MPRA Paper 71552, University Library of Munich, Germany.

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