Are there economies of scale in the demand for money by firms? Some panel data estimates

We estimate elasticities of scale in the demand for money by firms using firm level panel data from Spain, the UK, and the US. This elasticity is one for Spain and the UK but smaller for the US. We find that the errors in the money demand equations contain two terms that are correlated with sales. F...

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Bibliographic details
Volume: 52
Main Author: Bover, Olympia
Watson, Nadine
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: AMSTERDAM Elsevier B.V 2005
ELSEVIER SCIENCE BV
Elsevier
published in: Journal of monetary economics Vol. 52; no. 8; pp. 1569 - 1589
Data of publication: 2005
ISSN: 0304-3932
1873-1295
EISSN: 1873-1295
Discipline: Economics
Business
Series: Journal of Monetary Economics
Subjects:
D21
E41
C23
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2005
Web of Knowledge
Web of Science
RePEc
RePEc IDEAS
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS