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Money Demand in Europe High quality books

Money Demand in Europe
By:Christian Müller
Published on 2003-06-23 by Springer Science & Business Media

The EURO has now been in place for more than two years, but only the future will tell if the ECB can manage the EURO currency in the long-term. This book discusses the economic principals underlying the demand for money, and the possibilities to recover its properties by means of multivariate time series analysis. It applies the outcome to the whole EURO area as well as to France. While for the aggregate, a money demand function can be specified and be shown to have good forecasting properties, this fails in the French case. This book puts forth economic arguments to explain this. The presentation specifically outlines all means that have been used to cope with shifts in coefficients of the cointegration relations. A separate chapter examines unit root tests for time series with level shifts. This includes detection of break points, provision of test statistics, graphical evaluation of the empirical models and illustration of the procedure with a large set of international macroeconomic data.

This Book was ranked at 17 by Google Books for keyword Money.

Book ID of Money Demand in Europe's Books is qVnmX4K72b8C, Book which was written byChristian Müllerhave ETAG "ZimL5GeDFUI"

Book which was published by Springer Science & Business Media since 2003-06-23 have ISBNs, ISBN 13 Code is 9783790800647 and ISBN 10 Code is 3790800643

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Book which have "240 Pages" is Printed at BOOK under CategoryBusiness and Economics

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