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Money demand under free banking: Switzerland 1851–1906
This paper studies money demand in Switzerland under free banking before the establishment of the Swiss National Bank. We find that, in addition to income, the banks’ balance-sheet-to-GDP ratio and the number of banks were important determinants of long-run money demand. The former variable also pla...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer International Publishing
2018
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6214280/ https://www.ncbi.nlm.nih.gov/pubmed/30443510 http://dx.doi.org/10.1186/s41937-017-0013-8 |