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Has the Growth of Money Substitutes Hindered Monetary Policy?

In: Money in Historical Perspective

Author

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  • Phillip Cagan
  • Anna J. Schwartz

Abstract

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Suggested Citation

  • Phillip Cagan & Anna J. Schwartz, 1987. "Has the Growth of Money Substitutes Hindered Monetary Policy?," NBER Chapters, in: Money in Historical Perspective, pages 209-233, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:7503
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    Cited by:

    1. Yash P. Mehra, 1985. "The recent financial deregulation and the interest elasticity of the simple M1 demand function : an empirical note," Working Paper 85-03, Federal Reserve Bank of Richmond.
    2. Mills, T. C. & Wood, G. E., 1975. "MONEY SUBSTITUTES AND MONETARY POLICY IN THE UNITED KINGDOM 1923 to 1974," Economic Research Papers 268973, University of Warwick - Department of Economics.
    3. Yash P. Mehra, 1986. "Recent financial deregulation and the interest elasticity of M1 demand," Economic Review, Federal Reserve Bank of Richmond, vol. 72(Jul), pages 13-24.
    4. Choudhry Taufiq, 2002. "Financial Innovations And Demand For United States M1 And M2 Components," International Economic Journal, Taylor & Francis Journals, vol. 16(1), pages 73-93.
    5. Mills, T.C & Wood, G.E, 1975. "Money Substitutes and Monetary Policy in the United Kingdom," The Warwick Economics Research Paper Series (TWERPS) 75, University of Warwick, Department of Economics.
    6. Masoud Moghaddam, 1997. "Financial innovations and the interest elasticity of money demand: Evidence from an error correction model," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(2), pages 155-163, June.
    7. Ireland, Peter N, 1995. "Endogenous Financial Innovation and the Demand for Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 107-123, February.
    8. L. Arnaut, Javier, 2008. "Demanda de dinero y liberalizacion financiera en Mexico: Un enfoque de cointegracion [Money demand and financial liberalization in Mexico: A cointegration approach]," MPRA Paper 8680, University Library of Munich, Germany.
    9. M. K. Lewis, 1978. "Interest Rates and Monetary Velocity in Australia and the United States," The Economic Record, The Economic Society of Australia, vol. 54(1), pages 111-126, April.

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