| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2818 |
| DP2818 Are there Economies of Scale in the Demand for Money by Firms? Some Panel Data Estimates | |
| Olympia Bover; Nadine Watson | |
| 发表日期 | 2001-04-06 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper looks at the effect of domestic and external financial liberalization. Using a sample of 27 developing and developed countries, it studies the exchange market pressure and output gap effects of liberalization. The results show that developing and developed countries differ in many respects. By and large, the effects are significantly stronger in developing countries. Exchange market pressure to be strongly positive as capital flows, but reversals seem to follow systematically. Similarly, the behaviour of the output gap corresponds well to boom and bust cycles. The Paper concludes with a discussion of policy measures desirable to make liberalization safer than it has been so far. |
| 主题 | International Macroeconomics |
| 关键词 | Currency crises Liberalization Sequencing |
| URL | https://cepr.org/publications/dp2818 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531811 |
| 推荐引用方式 GB/T 7714 | Olympia Bover,Nadine Watson. DP2818 Are there Economies of Scale in the Demand for Money by Firms? Some Panel Data Estimates. 2001. |
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