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- W2000503505 abstract "An important factor that helps distinguish between alternative balance of payments theories is the assumed causal relationship between the domestic credit and reserve components of a country's monetary base. This paper reports test results of this causal relationship in Australia, Belgium, France, Germany, Norway, and Sweden. Three causal detection methods are used: the Haugh test, the Granger test, and the Sims test. Two conclusions are drawn. First, the causal relationship does not run undirectionally from domestic credit to reserves as the Monetary Approach to the Balance of Payments and many tests of that approach assume. Second, the results are quite robust across alternative causality tests." @default.
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- W2000503505 title "Testing the causal relationship between the domestic credit and reserve components of a country's monetary base" @default.
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- W2000503505 doi "https://doi.org/10.1016/0164-0704(81)90005-7" @default.
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