Economics at your fingertips  

The Behavior of Money Stock under Interest Rate Control: Some Evidence for Canada

Michael Bordo (), Ehsan Choudhri () and Anna Schwartz

Journal of Money, Credit and Banking, 1987, vol. 19, issue 2, 181-97

Abstract: A widely held view of interest rate control is that under this policy the demand for M1 determines the behavior of the stock of M1. An alternative view is that under interest rate control the supply function of M1 is the residual quantity determined by the banking system given the levels of bank credit and nontransaction deposits chosen by the nonbank public. The authors find evidence in favor of the alternative view for the Canadian case, 1970-84. Copyright 1987 by Ohio State University Press.

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link) ... 0.CO%3B2-2&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

Page updated 2019-10-22
Handle: RePEc:mcb:jmoncb:v:19:y:1987:i:2:p:181-97