This study aims to investigate whether money supply behaviour in Egypt is exogenously or endogenously determined using data from 2004 2019. It identify the determinants of and most important tools used by central bank manage it. The employs Johansen-Juselius test (1990) examine long-run error correction model short-run determinants. We conclude that real GDP, discount rate, budget deficit, net ...

This paper examines the role of collateralized money supply for short-run macroeconomic effects of monetary policy. We apply a simple sticky price model, where the central bank supplies money in exchange for securities that are discounted with the nominal interest rate. The central assumption is that only government bonds are eligible as collateral. If they are dominated in rate of return by pr...

onetary policy has traditionally been viewed as the process by which a central bank uses its influence over the supply of money to promote its economic objectives. For example, Milton Friedman (1959, p. 24) defined the tools of monetary policy to be those “powers that enable the [Federal Reserve] System to determine the total amount of money in existence or to alter that amount.” In fact, the v...

we have studied the relation between bank deposit rates and house prices in iran. for that, we have run some var models, using the following variables: real deposit rates (including 1 and 5 years deposit rates), money supply (including the high powered money and the liquidity), gdp, housing services index, and number of licenses for new houses. our results show that a reduction in the deposit r...

This paper uses the Granger causality method to test on United Kingdom data the relationship between income velocity and unanticipated and anticipated money supply and their respective volatilities over the period 1966-88. The results suggest that unanticipated and anticipated money supply and the volatility of these variables did not help predict income velocity and thus were not important fac...

The fixed-supply uniform-price auction suffers from existence of “collusive-seeming equilibria” in which all bidders dramatically shade their bids and very low prices may be realized. Our main result is that such equilibria do not exist in a family of “money-prize perturbations” of the uniform-price auction, in which a small payment discount is split among all rationed bidders. To shed light on...