£136.27

Routledge - Demand for Money: Velocity of Circulation Analysis

Name: Routledge - Demand for Money: Velocity of Circulation Analysis
Brand: Routledge
Price: 136.27 GBP
Availability: InStock

Theory & Philosophy

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Description

Explore the fundamental relationship between money supply and economic activity in this classic study by Michael D. Bordo and Lars Jonung. Originally published as The Long-Run Behavior of the Velocity of Circulation, this Routledge edition provides a deep look into the income velocity of money. This ratio, which serves as an inverse measure of the demand for money balances, is essential for understanding how the money value of income relates to the average money stock held by the public. This work explains why the magnitude of this ratio has shifted over time through a detailed international lens. By examining slow-moving economic and social factors, the authors provide a comprehensive perspective on monetary behavior. It is an essential resource for students, researchers, and professionals interested in the theoretical and historical aspects of economics and monetary policy.

Key Features

Provides a classic study on the long-run behavior of the velocity of circulation originally authored by Michael D. Bordo and Lars Jonung.

Analyzes the income velocity of money as an inverse measure of the demand for money balances held by the public.

Uses statistical data and econometric estimation techniques to support its economic findings and conclusions.

Offers a meticulous historical analysis of how economic and social factors influence the money stock.

Examines monetary trends within an international setting to provide a broader economic perspective.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 1138522104
Category: Books > Subjects > Business, Finance & Law > Economics > Theory & Philosophy
Domain: Amazon UK
Release Date: 22 September 2017
Listed Since: 08 December 2017

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Routledge - Demand for Money: Velocity of Circulation Analysis

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