Heterogeneous distribution of money supply across the euro area
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00209517" target="_blank" >RIV/62156489:43110/13:00209517 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Heterogeneous distribution of money supply across the euro area
Original language description
The recent economic crisis is regarded as symmetric shock which negatively affects all Eurozone member countries. Even if the whole Euro area is in recession the probability of asymmetric shock arises on the monetary side of the economy. The issue is that money supply is unevenly distributed across the euro area. Different credit money creation increases inflationary pressures not only in long run but also in short-term, especially in house prices. The combination of credit money creation and increasesin asset prices contributes to financial instability. The empirical part of the paper is based on the analysis in time-frequency domain. The authors apply wavelet analysis to identify increasing differences of co-movements in money supply between the selected old Eurozone member states and peripheral countries. The authors use the contribution of different member countries to the monetary aggregate M3 as the proxy of money supply distribution across the euro area.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GAP402%2F11%2F0570" target="_blank" >GAP402/11/0570: Time-frequency approach for the Czech Republic business cycle dating</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
PROCEEDINGS OF THE 10TH INTERNATIONAL SCIENTIFIC CONFERENCE: ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES: SELECTED PAPERS
ISBN
978-80-7248-788-2
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
268-279
Publisher name
SILESIAN UNIV OPAVA, SCHOOL BUSINESS ADMINISTRATION KARVINA
Place of publication
KARVINA, CZECH REPUBLIC
Event location
Vendryně
Event date
Sep 19, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
317528400025