Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/42133
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Briguglio, Lino | - |
dc.date.accessioned | 2019-04-09T11:54:45Z | - |
dc.date.available | 2019-04-09T11:54:45Z | - |
dc.date.issued | 1989 | - |
dc.identifier.citation | Briguglio, L. (1989). Factors affecting the ratio of currency demand to total monetary assets in Malta. International Conference on Applied Statistics, Cairo. 1-15. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/42133 | - |
dc.description.abstract | There are a number of factors influencing individuals` and firms decisions to hold currency rather than other forms of monetary assets. An important motive is to buy consumer goods and services in the case of individuals, and to pay wages and salaries and other short term business expenses in the case of firms. This can be loosely be called the “transactions” motive. Another reason, loosely termed here as the “asset” motive, is related to changes in the rate of interest. In macroeconomic theory, we also encounter the “speculative” motive which is related to expected, rather than actual changes in interest rates. Another reason, which is of some importance in the Maltese economy, is to conceal economic activity for tax evasion. Thus underground activity covers production which is not, but should be, included in the computation of GDP. The purpose of this paper is to propose a model which associates currency demand with the underground economy and which quantitatively estimates the elasticities associated with currency demand. An attempt will be made also to estimate the size off the underground economy in Malta. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Malta | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Demand for money -- Malta | en_GB |
dc.subject | Monetary policy -- Malta | en_GB |
dc.subject | Money -- Malta | en_GB |
dc.subject | Interest rates | en_GB |
dc.subject | Gross domestic product -- Malta | en_GB |
dc.title | Factors affecting the ratio of currency demand to total monetary assets in Malta | en_GB |
dc.type | conferenceObject | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder | en_GB |
dc.bibliographicCitation.conferencename | International Conference on Applied Statistics | en_GB |
dc.bibliographicCitation.conferenceplace | Cairo, Egypt. January 1989 | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
Appears in Collections: | Scholarly Works - InsSSI |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Factors_affecting_the_ratio_of_currency_demand_to_total_monetary_assets_in_Malta.pdf | 173.7 kB | Adobe PDF | View/Open |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.