Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F12%3A00184966" target="_blank" >RIV/62156489:43110/12:00184966 - isvavai.cz</a>
Alternative codes found
RIV/00216305:26220/12:PU100324
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Liquidity supply and money velocity co-movements in the Eurozone -- Time-Frequency Domain Approach
Original language description
The authors focus on financial stability in the Eurozone and propose indicator for macro-prudential policy. The empirical part of the paper applies wavelet analysis to identifiy cyclical movements in money velocity and liquidity supply. The cospectrum shows significant co-movements between 6-16 periods. The authors conclude that increase of money velocity supports financial markets to provide provide more credits. A pro-cyclical influence results in a boom which is then followed by a bust is task for macro-prudential policy and anti-cyclical instruments. Identificator based on the money velocity movements has potential function to identify instability pressures at the money market in huge monetary unions with large financial systems, where upper limitof credit money creation is vanished.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
LX
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
7
Pages from-to
109-115
UT code for WoS article
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EID of the result in the Scopus database
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