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Financial Innovations and the Stability of the Demand for Money in Germany since 1974

In: Monetary Policy and Financial Innovations in Five Industrial Countries

Author

Listed:
  • Stephen F. Frowen
  • Heinrich Schlomann

Abstract

The Federal Republic of Germany has experienced a stronger dependence on foreign money markets after a large increase in both domestic and foreign interest rates in the early 1970s. In this chapter we examine the effects of this stronger dependence on the stability of the demand for money in West Germany.

Suggested Citation

  • Stephen F. Frowen & Heinrich Schlomann, 1992. "Financial Innovations and the Stability of the Demand for Money in Germany since 1974," Palgrave Macmillan Books, in: Stephen F. Frowen & Dietmar Kath (ed.), Monetary Policy and Financial Innovations in Five Industrial Countries, chapter 4, pages 59-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21684-0_4
    DOI: 10.1007/978-1-349-21684-0_4
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    Cited by:

    1. Bruce Kasman, 1993. "A comparison of monetary policy operating procedures in six industrial countries," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
    2. John E. Morton & Paul R. Wood, 1993. "Interest rate operating procedures of foreign central banks," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
    3. Robert B. Kahn & Linda S. Kole, 1993. "Monetary transmission channels in major foreign industrial countries," Proceedings, Board of Governors of the Federal Reserve System (U.S.).

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