## International Comparisons of Money Demand: A Review Essay

_IMF Working Papers, January 1, 1992_

## Source details

**Canonical URL:** [International Comparisons of Money Demand: A Review Essay](https://www.imf.org/en/publications/wp/issues/2016/12/30/international-comparisons-of-money-demand-a-review-essay-756)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/30/international-comparisons-of-money-demand-a-review-essay-756/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/30/international-comparisons-of-money-demand-a-review-essay-756/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/30/international-comparisons-of-money-demand-a-review-essay-756/bundle-manifest.json)

## Bibliographic details
- Authors: James M. Boughton
- Published: January 1, 1992
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451842357.001

---

### Overview
- Author: James M. Boughton
- Date: January 1, 1992
- Series: Working Paper No. 1992/007
- Issue: 007
- Summary of scope: Reviews the literature on money demand comparisons, focusing primarily on industrial countries.

### Key findings
- Many studies of the demand for money, covering a wide variety of economies, have demonstrated the importance of financial innovations and shifts in monetary policy regimes.
- Measuring and assessing financial innovations and regime shifts is difficult.
- Innovations and regime shifts have differed markedly across countries, making international comparisons useful for identifying their effects.
- The paper finds that innovations have had widespread effects.
- The demand for money is not generally less stable now than it was before those changes occurred.

### Subject matter and keywords
- Subject: Demand for money, Money
- Keywords: aggregate money demand function, balance, buffer-stock model, Demand for money, error-correction model, money, money balance, money demand equation, WP

---


_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/international-comparisons-of-money-demand-a-review-essay-756_