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Demand for Money

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Demand for Money
By:
Published on by Transaction Publishers

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 and Lars Jonung's classic study, originally published as \

This Book was ranked 19 by Google Books for keyword money.

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