To read this content please select one of the options below:

UK Companies' Demand for Money: An Empirical Study, 1974–1983

David J. Evans (Humberside College of Higher Education, UK)

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 1 April 1986

41

Abstract

The article is concerned with company demand for broad money in the post‐Competition and Credit Control period. Equations are estimated for (a) all industrial and commercial companies and (b) a sample of large manufacturing and non‐manufacturing companies. The main findings are (1) that economies of scale in money holdings are only evident for large companies, (2) that only the large manufacturing companies respond significantly to changes in long‐term interest rates and (3) that adjustment of money holdings to changes in income and interest rates is completed within six months.

Citation

Evans, D.J. (1986), "UK Companies' Demand for Money: An Empirical Study, 1974–1983", Journal of Economic Studies, Vol. 13 No. 4, pp. 30-43. https://doi.org/10.1108/eb002631

Publisher

:

MCB UP Ltd

Copyright © 1986, MCB UP Limited

Related articles