The demand for currency in Malta

Grech, Aaron George (2014): The demand for currency in Malta.

Abstract

This article studies the demand for one particular component of the money stock, currency, in Malta in the light of the existing theoretical and empirical framework. In particular, it argues that the commonly applied analytical framework needs to be tweaked slightly for it to better explain the reasons underpinning the relatively high currency demand in Malta compared with other euro area countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: money demand, currency, Malta
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E41 - Demand for Money; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy

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