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Demand for Divisia Money in a Core Monetary Union

Version
v0
Resource Type
Dataset : survey data
Creator
  • Wesche, Katrin (Institut fuer Internationale Wirtschaftspolitik, Universitaet Bonn)
Other Title
  • Archival Version (Subtitle)
Publication Date
1998-10-06
Language
English
Free Keywords
currencies; economic integration; monetary policy; money
Description
  • Abstract

    Proponents of an aggregation-theoretic approach to money demand argue that simple-sum measures do not capture the theoretical notion of money, especially for broad monetary aggregates. European monetary aggregation, which uses indices for monetary services, seems attractive because these indices can account for the imperfect substitutability between different currencies. This research applies the aggregation-theoretic framework to money holdings of European residents and compares the resulting index to simple-sum M3. The conclusion is that the Divisia index of European monetary services may provide additional insight into money demand during the period of transition to monetary union.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • Europe
Collection Mode
  • (1) The file submitted, SO97DP.KW, gives the contact information for the data and programs used in this article. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

Availability
Delivery
This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (help@icpsr.umich.edu).
Alternative Identifiers
  • 1179 (Type: ICPSR Study Number)
Relations
  • Is previous version of
    DOI: 10.3886/ICPSR01179.v1
Publications
  • Wesche, Katrin. The demand for Divisia money in a core monetary union. Federal Reserve Bank of St. Louis Review.79, (5), 51-60.1997.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Wesche, Katrin (1998): Demand for Divisia Money in a Core Monetary Union. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01179