International Comparisons of Money Demand : A Review Essay

International Comparisons of Money Demand : A Review Essay
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Volume/Issue:
1992/7
Series:
IMF Working Papers
Author(s):
James Boughton
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
January 1992
DOI:
http://dx.doi.org/10.5089/9781451842357.001
ISBN:
9781451842357
ISSN:
1018-5941
Page:
28
Many studies of the demand for money, covering a wide variety of economies, have demonstrated the importance of financial innovations and shifts in monetary policy regimes, but they have also illustrated the difficulty of measuring and assessing such changes. Because innovations and regime shifts have differed markedly across countries, international comparisons can help identify their effects. This paper reviews the literature on money demand comparisons, focusing primarily on industrial countries. It finds that innovations have had widespread effects, but also that the demand for money is not generally less stable now than it was before those changes occurred.
Article

International Comparisons of Money Demand

Author(s):
James Boughton
Published Date:
January 1992
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