DEMAND AND SUPPLY FUNCTIONS FOR STOCKS OF EURO-DOLLAR DEPOSITS: AN EMPIRICAL STUDY.
This study considers the market for Euro-dollar deposits as a structural system with determinate demand and supply relationships. It is important at the outset to distinguish the stock demand for Euro-dollar deposits, which the authors investigate in the article, from the flow demand for Euro-dollar...
| Publicado en: | Review of Economics & Statistics Vol. 54; no. 4; pp. 381 - 392 |
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| Formato: | Artículo |
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MIT Press
Nov72
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4647948&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4647948 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346535 RMS jtl: Review of Economics & Statistics issn: 00346535 maglogo: N pubinfo: dt: Nov72 vid: 54 iid: 4 pid: 776 pub: MIT Press artinfo: ui: 4647948 10.2307/1924565 ppf: 381 ppct: 11 formats: tig: atl: DEMAND AND SUPPLY FUNCTIONS FOR STOCKS OF EURO-DOLLAR DEPOSITS: AN EMPIRICAL STUDY. aug: au: Makin, John H. su: Eurocurrency market Supply & demand Economic equilibrium Investments Energy demand management Foreign exchange Supply-side economics Competition Markets sug: subj: Eurocurrency market Supply & demand Economic equilibrium Investments Energy demand management Foreign exchange Supply-side economics Competition Markets ab: This study considers the market for Euro-dollar deposits as a structural system with determinate demand and supply relationships. It is important at the outset to distinguish the stock demand for Euro-dollar deposits, which the authors investigate in the article, from the flow demand for Euro-dollar credit. F. Machlup (1970) points out that the demand for Euro-dollar credit is a demand for a flow of funds to borrowers who, in turn, plan to pay out the funds they have borrowed. The demand for Euro-dollar deposit balances is, on the other hand, a demand for money, or near-money, to hold. The authors concentrate upon the factors affecting the demand for a stock of Euro-dollar deposits to hold. The authors also identify an equation to determine the stock of Euro-dollar balances supplied by Euro-dollar issuing institutions (hereafter Euro-banks). This will be based on an identifiable stock of reserves held by Euro-banks. The results suggest that about 40 per cent of the growth of Euro-dollar deposits in the 1964-ITT-1970-TV period were due to the multiple deposit expansion process. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1972 holdings: @attributes: islocal: N |
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