Money Supply and Velocity of Money in Nigeria: A Test of Polak Model
نویسندگان
چکیده
منابع مشابه
Methods of Estimating Equilibrium Velocity of Money and Empirical Volatility Test in Iran (1961- 1998)
There are various ways for estimating velocity of money in economic literature and each has its own specific weaknesses and strengths. Particularly, since a great deal of financial innovations and changes have recently taken place affecting the velocity of money, many traditional methods can no langer calculate the equilibrium velocity of money, and they are no longer dependable from the econom...
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Based on the “Aggregate Demand” theory, monetary policies are designed with the aim of achieving desirable level of macroeconomic goals through affecting the stock of money supplyand income velocity of money. Thus, the velocity (V)-as well as money supply - has significant impact, particularly on rate of inflation through expansionary or contractionary monetary policy. To focus on the velocity ...
متن کاملmethods of estimating equilibrium velocity of money and empirical volatility test in iran (1961- 1998)
there are various ways for estimating velocity of money in economic literature and each has its own specific weaknesses and strengths. particularly, since a great deal of financial innovations and changes have recently taken place affecting the velocity of money, many traditional methods can no langer calculate the equilibrium velocity of money, and they are no longer dependable from the econom...
متن کاملPrivate Supply of Fiat Money
The question of whether private money is viable in the absence of any external control is an old one. We address it in an economy with decentralized trade and information where a self-interested agent, the bank, has the monopoly over the provision of fiat money and is not limited on how much it can issue over time. The assumption of decentralized information is a crucial one and sets this work ...
متن کاملEndogenous supply of fiat money
We consider whether reputation concerns can discipline the behavior of a long-lived selfinterested agent who has a monopoly over the provision of fiat money. We obtain that when this agent can commit to a choice of money supply, there is a monetary equilibrium where it never overissues. We show, however, that such equilibria do not exist when there is no commitment. This happens because the inc...
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ژورنال
عنوان ژورنال: Journal of Management and Sustainability
سال: 2013
ISSN: 1925-4733,1925-4725
DOI: 10.5539/jms.v3n4p136