On Cash in Advance Constraints for Open Economies

Arman Mansoorian
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Arman Mansoorian: York University, Canada

Working Papers from York University, Department of Economics

Abstract: The implications of different cash in advance (CIA) constraints for open economies are worked out. If CIA constraints are only for consumption expenditures, changes in the rate of growth of money will have no steady state effects. If all transactions, even those involving bonds, are subject to CIA constraints, an increase in the rate of growth of money will reduce savings and steady state consumption, and have no steady state effects on capital. If investment is not subject to CIA constraints, an increase in the rate of growth of money will increase steady state capital.

Keywords: Cash in Advance; Open Economies; Exchange Rates (search for similar items in EconPapers)
JEL-codes: F31 F32 F41 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1999-02
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Citations: View citations in EconPapers (1)

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