Wealth, Financial Liberalization, and the Demand for Money in Japan
This paper presents estimates of a demand function for broad money in Japan. The function explains both secular trends in broad money during the 1970s and 1980s and the sharp decline in the income velocity of broad money during 1986-88. The inclusion of wealth and a measure of the return on holding...
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| Corporate Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1989
Washington, D.C. : 1989 |
| Series: | IMF Working Papers; Working Paper ;
No. 1989/085 IMF eLibrary |
| Subjects: | |
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