Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/emerald-publishing/a-new-hypothesis-on-the-demand-for-money-the-accounting-motive-and-KwduwWKsRR
References (7)
-
Board of Governors of the Federal Reserve System
Domestic financial statistics -
D. Humphrey, Allen Berger (1988)
Market failure and resource use: economic incentives to use different payment instrumentsSocial Science Research Network
-
Board of Governors of the Federal Reserve System
Federal Reserve Bulletin -
R. Avery, G.E. Elliehausen, A.B. Kennickell, P.A. Spindt
Changes in the use of transactions accounts and costs from 1984 to 1986 -
L. Currie (1938)
The Economic Distribution of Demand DepositsJournal of the American Statistical Association, 33
-
Albert Burger (1988)
The puzzling growth of the monetary aggregates in the 1980'sCanadian Parliamentary Review, 70
-
H. Farr, R. Porter, E. Pruitt
Demand deposit ownership survey
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 0144-3585
- DOI
- 10.1108/01443580410699547
- Publisher site
- See Article on Publisher Site
Abstract
Presents a paper written by Lauchlin Currie in November 1992 in which he identifies and defends the concepts of money and the demand for it. The paper argues that the heavy cost of maintaining checking accounts is not reasonably explained by the conventional listing of motivations, especially in the case of large deposits. A new hypothesis is given on the demand for money. The paper concludes that checking accounts possesses the further essential quality of being quantitatively subject to control, which in turn permits a limitation of the total quantity of demand deposits and hence of money.
Journal
Journal of Economic Studies – Emerald Publishing
Published: Jun 1, 2004
Keywords: Economics; Money; Demand