Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101526
Authors: 
Läufer, Nikolaus K. A.
Year of Publication: 
1995
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 249
Abstract: 
The hypothesis of the paper that the European money demand function is more stable than the money demand function of any single European country is based on the well known portfolio diversification principle. Econometric estimates of country specific and European money demand functions confirm the hypothesis for M1, and, with some qualifications, also for M3. The tests also confirm the portfolio theoretical reason given for the higher stability.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.