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  1. Communal Responsibility and the Coexistence of Money and Credit Under Anonymous Matching
    Author: Börner, Lars; Ritschl, Albrecht
    Published: 2010
    Publisher:  Humboldt-Universität zu Berlin, Berlin

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Subjects: Handelsforschung; Kredit; Durchsetzung; Rechtsnorm; Kreditsicherung; Matching; Zahlungsverkehr
    Other subjects: (stw)Handelsforschung; (stw)Kredit; (stw)Rechtsdurchsetzung; (stw)Kreditsicherung; (stw)Matching; (stw)Zahlungsverkehr; (stw)Theorie; Communal responsibility; anonymous matching; money demand; credit; bills of exchange; Arbeitspapier; Graue Literatur; Buch; Online-Publikation
    Scope: Online-Ressource
    Notes:

    In: Sonderforschungsbereich 649: Ökonomisches Risiko, Band 2010, Ausgabe 60, 2010
  2. Is euro area demand (still) stable?
    cointegrated VAR versus single equation techniques
    Author: Belke, Ansgar; Czudaj, Robert
    Published: 2010
    Publisher:  ROME, Düsseldorf

    In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows that the current financial and economic crisis that started in 2007 does not appear to have any noticeable impact on the stability... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 426 (2010,3)
    Inter-library loan:
    No inter-library loan

     

    In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows that the current financial and economic crisis that started in 2007 does not appear to have any noticeable impact on the stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR and DOLS with the commonly used cointegrated Johansen VAR framework and show that the former are under certain circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory. Hence, FMOLS, CCR and DOLS are useful in estimating standard money demand as well, although they have only been rarely applied for this purpose in previous studies.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/88215
    Series: ROME discussion paper series ; 10-03
    Subjects: ARDL model; cointegration; euro area; financial crisis; money demand
    Scope: Online-Ressource (40 S.), graph. Darst.