The optimum quantity of money and the interrelationship between financial markets and intermediaries

Authors

  • W.L. SILBER

DOI:

https://doi.org/10.13133/2037-3643/11371

Keywords:

Optimum quantity of money, brokerage costs, securities markets, policy, financial markets, intermediaries

Abstract

The discussion of the optimum quantity of money by several prominent economists has led to a reexamination of the fundamental role of money in an economy. The present note is concerned with two related consequences of achieving the optimum quantity of money: the impact on brokerage costs and the impact on the existence of securities markets. This is followed by a discussion on the alternative specifications of an optimum quantity of money policy. The author then turns to analyse the relationship between optimum money balances, financial markets and financial intermediaries.

 

JEL: E44, E52

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Published

2013-12-18

How to Cite

SILBER, W. (2013). The optimum quantity of money and the interrelationship between financial markets and intermediaries. PSL Quarterly Review, 30(120). https://doi.org/10.13133/2037-3643/11371

Issue

Vol. 30 No. 120 (1977)

Section

Editorial

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