The Financial Transformation of the 1980s and the Behavior of Velocity in Turkey
Bibliographic Data
| ID | 6094166 |
|---|---|
| Authors | Nur Keyder (Middle East Technical University, corresponding author) |
| Year | 1992 |
| Volume | 8 |
| Pages | 67-87 |
| Publication date | 1992-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | New Perspectives on Turkey (JOURNAL) |
| Journal identifiers | ISSN: 0896-6346 • E-ISSN: 1305-3299 |
| Publisher | Antiquity Publications (PUBLISHER) |
| DOI | 10.15184/s0896634600000625 |
| OpenAlex | W2488705014 |
| Language | EN |
| References cited | 7 |
The velocity of money (V) indicates the number of times money stock turns over in the economy to accommodate a given level of transactions (proxied by GNP). In other words, velocity measures the relationship between nominal income and the money stock. In the original version of the quantity theory of money, nominal income is equal to velocity times money stock; i.e. Py = MV where P stands for the price level, y is real income, M is the money stock. In this framework, when velocity is assumed to be constant, changes in money stock can create predictable effects on the nominal income
Economics · Endogenous money · Geography · Monetary economics · Monetary policy · Stock (firearms · Stock price · Velocity of money · Economic theories and models · Economic Theory and Policy · Monetary Policy and Economic Impact
| Citation velocity | historical |
|---|---|
| Highly cited | No |