Financial Innovation Banking And Monetary Aggregates - Couverture rigide

Mullineux, Andrew

Couverture rigide

ISBN 10 : 1858981263 ISBN 13 : 9781858981260

Editeur : Edward Elgar Publishing Ltd, 1996

Synopsis

Financial Innovation, Banking and Monetary Aggregates reviews the impact of financial innovation on the measurement of money and presents the first collection of country studies appraising the usefulness of Divisia indices in deriving monetary aggregates.

Monetary aggregates are traditionally formed by simply summing various monetary components such as cash and balances in savings and cheque accounts. The monetary usefulness, or 'moneyness', of these components differs and can change as a result of innovation in banking, monetary transmission and payment services. To gauge the importance of such distortions and the merits of alternative weighted monetary indices, particularly Divisia indices, this volume brings together authoritative empirical studies of countries including the US, the UK, Germany, France, Sweden, Italy and Japan. The authors conclude by showing how Divisia monetary indices act as a useful supplement to traditional monetary aggregates.

Financial Innovation, Banking and Monetary Aggregates will be welcomed by economists and financiers for questioning traditional assumptions about the usefulness of monetary aggregates and for its discussion of the wider implications of financial innovation in the banking sector.

A propos du livre

À propos de l'auteur

Edited by Andrew W. Mullineux, The Business School, University of Birmingham, UK

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 1996
• Langue: anglais
• ISBN 10: 1858981263
• ISBN 13: 9781858981260
• Reliure: Relié
• Nombre de pages: 224
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible