A Note on the Implicit Interest Rate on Demand Deposits
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Stuart D. Allen, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: This paper examines the significance of several estimated measures of the implicit interest rate on demand deposits in an annual demand-for-money function. The evidence demonstrates that the coefficient estimates of the implicit interest rate are not positive and statistically significant as predicted due to the scarcity of data points and the high collinearity with other opportunity cost variables.
A Note on the Implicit Interest Rate on Demand Deposits
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Created on 11/10/2010
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Additional Information
- Publication
- Journal of Macroeconomics, 5(2), Spring/Summer, 233-239.
- Language: English
- Date: 1983
- Keywords
- Demand for money, Interest rates, Money,