Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation

By Lars Jonung

Book Overview

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

• Format: Paperback
• Language: English
• ISBN: 0765809613
• ISBN13: 9780765809612
• Release Date: June 2003
• Publisher: Routledge
• Length: 208 Pages
• Weight: 0.74 lbs.
• Dimensions: 0.5" x 6.1" x 9.2"