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Author : George Garvy,Martin R. Blyn
Publisher : Unknown
Page : 128 pages
File Size : 40,8 Mb
Release : 1969
Category : Bank deposits
ISBN : UCAL:B3377700
Author : Stephen Rhodes
Publisher : Pan
Page : 549 pages
File Size : 54,7 Mb
Release : 1999-01
Category : Detective and mystery stories
ISBN : 0330369520
Young Manhattan attorney Rick Hansen discovers that his predecessor at an investment firm has been murdered and learns of an international conspiracy to collapse the stock market. The clock is ticking towards economic doomsday and only Rick can stop it.
Author : Lars Jonung
Publisher : Routledge
Page : 181 pages
File Size : 45,7 Mb
Release : 2018-02-06
Category : Business & Economics
ISBN : 9781351523004
The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run Behavior of the Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. Demand for Money suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers.
Author : Rhodes Stephen
Publisher : Unknown
Page : 128 pages
File Size : 55,6 Mb
Release : 1924-12-01
Category : Electronic
ISBN : 0688169694
Author : Anonim
Publisher : Transaction Publishers
Page : 210 pages
File Size : 42,7 Mb
Release : 2024-06-26
Category : Business & Economics
ISBN : 9781412821452
The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as "The Long-Run Behavior of the Velocity of Circulation." Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. "Demand for Money" suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers. br> Michael D. Bordo is professor of economics and director of the Center for Monetary and Financial History at Rutgers University. He is editor of a series of books, "Studies in Macroeconomic History," and the author of "Essays on the Gold Standard and Related Regimes," and (with Anna J. Schwartz) "A Retrospective on the Classical Gold Standard 1821-1931." Lars Jonung is research adviser at ECFIN, European Commission, Brussels. He was previously professor of economics at the Stockholm School of Economics, and served as chief economic advisor to Prime Minister Carl Bildt from 1992 to 1994. Jonung is the author of "The Political Economy of Price Controls: The Swedish Experience 1970-1985," and editor of "The Stockholm School of Economics Revisited."
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 330 pages
File Size : 42,7 Mb
Release : 2024-04-15
Category : Business & Economics
ISBN : PKEY:6610000551156
What is Velocity of Money The number of times that a single unit of currency is used to make purchases of goods and services within a specified amount of time is what is meant to be measured by the velocity of money. To put it another way, it refers to the number of times individuals exchange money. The idea establishes a connection between the level of economic activity and the amount of money that is available, and the rate at which money is exchanged is one of the factors that determines the level of inflation. The ratio of a country's gross national product (GNP) to its money supply is typically used as a measurement. This ratio is used to determine the velocity of money. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Velocity of money Chapter 2: Macroeconomics Chapter 3: Supply and demand Chapter 4: Inflation Chapter 5: Deflation Chapter 6: IS-LM model Chapter 7: Rational expectations Chapter 8: Phillips curve Chapter 9: Money supply Chapter 10: Aggregate demand Chapter 11: Quantity theory of money Chapter 12: Price level Chapter 13: Mundell-Fleming model Chapter 14: Equation of exchange Chapter 15: Supply (economics) Chapter 16: Demand for money Chapter 17: Monetary inflation Chapter 18: Baumol-Tobin model Chapter 19: McCallum rule Chapter 20: Monetary policy of the Philippines Chapter 21: Induced demand (II) Answering the public top questions about velocity of money. (III) Real world examples for the usage of velocity of money in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Velocity of Money.
Author : Irving Fisher
Publisher : Cosimo, Inc.
Page : 529 pages
File Size : 43,9 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9781602069572
Perhaps America's first celebrated economist, Irving Fisher-for whom the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem are named-staked an early claim to fame with his revival, in this 1912 book, of the "quantity theory of money." An important work of 20th-century economics, this work explores: the circulation of money against goods the various circulating media the mystery of circulating credit how a rise in prices generates a further rise influence of foreign trade on the quantity of money the problem of monetary reform and much more. American economist IRVING FISHER (1867-1947) was professor of political economy at Yale University. Among his many books are Mathematical Investigations in the Theory of Value and Prices (1892), The Rate of Interest (1907), Why Is the Dollar Shrinking? A Study in the High Cost of Living (1914), and Booms and Depressions (1932).
Author : Harrison C Hartman
Publisher : Infinity Publishing (PA)
Page : 354 pages
File Size : 52,5 Mb
Release : 2015-04-10
Category : Business & Economics
ISBN : 1495804275
Author : Max Gillman
Publisher : Routledge
Page : 420 pages
File Size : 46,7 Mb
Release : 2009-03-23
Category : Business & Economics
ISBN : 9781134021734
These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary economics well in general equilibrium, it helps to have a good money demand underlying the theory. A proper underlying money demand sets up arguably the best foundation from which to make extensions of monetary economics from the basic model. At the same time that money demand is modelled, this also “endogenizes” the velocity of money. This has been a challenge in the literature that these essays solve and then use to extend basic neoclassical growth and business cycle theory. Solving this problem, in a way that is a natural, direct, and “micro-founded” extension of the standard monetary theory is the first major contribution of the collection. The second major contribution is the extension of the neoclassical monetary models, using this solution, to reinvigorate classic issues of monetary economics and take them to the frontier.
Author : Milton Friedman,Anna Jacobson Schwartz
Publisher : Princeton University Press
Page : 889 pages
File Size : 41,7 Mb
Release : 2008-09-02
Category : Business & Economics
ISBN : 9781400829330
Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).
Author : Cullen Roche
Publisher : St. Martin's Press
Page : 252 pages
File Size : 53,9 Mb
Release : 2014-07-08
Category : Business & Economics
ISBN : 9781137438065
Being successful in the modern world of finance requires a more in-depth understanding of our global economies on a macro level. What does a shifting demographic cycle mean? How does the explosive growth of emerging markets matter? Why does the world's population affect my portfolio? Does the global monetary system impact my results this year? How does government intervention in markets impact my strategy? In Pragmatic Capitalism, Cullen Roche explores how our global economy works and why it is more important now than ever for investors to understand macroeconomics. Cullen Roche combines his expertise in global macro portfolio management, quantitative risk management, behavioral finance, and monetary theory to explain to readers how macroeconomics works, and provides insights and suggestions for getting the most out of their investment strategies. This book will uncover market myths and explain the rise of macroeconomics and why it impacts the readers' portfolio construction. Pragmatic Capitalism is a must for any sophisticated investor who wants to make the most of their portfolio.
Author : Ralph Arakie
Publisher : Unknown
Page : 153 pages
File Size : 50,7 Mb
Release : 1934
Category : Electronic
ISBN : OCLC:926261982
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 47 pages
File Size : 42,7 Mb
Release : 1997-09-01
Category : Business & Economics
ISBN : 9781451853063
The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. To examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper develops a simple monetary model of the exchange rate incorporating price stickiness and inflation inertia, and carries out an econometric analysis of the behavior of real money balances during inflation stabilization. The paper concludes by assessing the prospects for velocity developments in countries in transition, including the likely pace of remonetization.
Author : G. Gardiner
Publisher : Springer
Page : 277 pages
File Size : 43,7 Mb
Release : 2006-04-13
Category : Business & Economics
ISBN : 9780230288447
The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.
Author : Colin P. Elliott
Publisher : Cambridge University Press
Page : 225 pages
File Size : 51,6 Mb
Release : 2020-02-20
Category : Business & Economics
ISBN : 9781108418607
Reconceptualizes economic theory as a tool for understanding the Roman monetary system and its social and cultural contexts.
