Foto 1 di 1
Galleria
Foto 1 di 1
Demand for Money: An Analysis of the Long-run B, Jonung..
GBP 154,12
CircaEUR 181,27
Condizione:
Nuovo
Libro nuovo, intatto e non letto, in perfette condizioni, senza pagine mancanti o danneggiate. Per maggiori dettagli, consulta l'inserzione del venditore.
5 disponibili
- Compralo SubitoDemand for Money: An Analysis of the Long-run B, Jonung..
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
Spedizione:
La spedizione in Stati Uniti potrebbe non essere disponibile. Per le opzioni di spedizione leggi la descrizione dell'oggetto oppure contatta il venditore.
Oggetto che si trova a: South East, Regno Unito
Consegna:
Varia
Restituzioni:
Restituzioni entro 30 giorni. Le spese di spedizione del reso sono a carico dell'acquirente..
Pagamenti:
Fai shopping in tutta sicurezza
Il venditore si assume la piena responsabilità della messa in vendita dell'oggetto.
Numero oggetto eBay:125427758464
Specifiche dell'oggetto
- Condizione
- PublishedOn
- 2017-09-25
- Title
- Demand for Money: An Analysis of the Long-run Behavior of the Ve
- Artist
- Not Specified
- ISBN
- 9781138522107
Informazioni su questo prodotto
Product Information
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.
Product Identifiers
Publisher
Taylor & Francis LTD
ISBN-13
9781138522107
eBay Product ID (ePID)
26046714745
Product Key Features
Number of Pages
181 Pages
Language
English
Publication Name
Demand for Money: an Analysis of the Long-Run Behavior of the Velocity of Circulation
Publication Year
2017
Subject
Government
Type
Textbook
Format
Hardcover
Dimensions
Item Height
229 mm
Item Weight
431 g
Item Width
152 mm
Additional Product Features
Country/Region of Manufacture
United Kingdom
Descrizione dell'oggetto fatta dal venditore
Informazioni sul venditore professionale
Partita IVA: GB 724498118
CRN: 03800600
Informazioni su sicurezza e accessibilità
Informazioni su questo venditore
baham_books
99,4% di Feedback positivi•10,4 milioni oggetti venduti
Registrato come venditore professionale
Feedback sul venditore (3.357.495)
- r***e (2762)- Feedback lasciato dall'acquirente.Ultimi 6 mesiAcquisto verificato2nd of 2-book order: Used book in great condition as described, excellent value, postage included. Safely packaged, very promptly dispatched and early delivery via Royal Mail Tracked: 3 days purchase-to-delivery so thanks for using RMail ~ I always recommend them. Am very pleased with my purchase and happy to recommend this seller. Buy with confidence! Many thanks and best wishes, CJ.Illustrated Guide to Birds of Britain & Europe (British Trust for Ornithology) (N° 303576326790)
- l***r (718)- Feedback lasciato dall'acquirente.Ultimi 6 mesiAcquisto verificatoThe book unfortunately went to a different address due to the Post workers. Great communication from seller when I contacted them to say it hadn’t arrived. Thankfully it turned up a few days later. Item was packaged well. Good value. Item as described.
- n***s (1817)- Feedback lasciato dall'acquirente.Mese scorsoAcquisto verificatoThe item was said to be in very good condition? When it arrived and i opened the package the front cover and front page had what looked like coffie stains split over it. Sent message to seller. And they gave me a full refund . With no questions asked. Really good seller.