Lars Jonung: 2 books
Demand for Money
An Analysis of the Long-run Behavior of the Velocity of Circulation
Language: English
Release Date: February 6, 2018
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. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo...
Russian Currency and Finance
A Currency Board Approach to Reform
Language: English
Release Date: August 18, 2005
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet...