Alain Dreyfus

Banque de France

Paris

France

SCHOLARLY PAPERS

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Scholarly Papers (1)

1.

Revisiting the Money Demand Function in the Euro Area (in French)

Banque de France Working Paper No. 142
Number of pages: 35 Posted: 31 Oct 2010
Banque de France, affiliation not provided to SSRN, Banque de France, Banque de France, Banque de France and Banque de France
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Abstract:

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recent years, the dynamics of M3 in the euro area have been driven by two factors: a strong preference for liquidity, observed between 2001 and 2003, followed by a normalisation, at a relatively moderate pace, of portfolio behaviour; as regards the counterparts, changes in M3 and net external asset