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Quarterly Journal of Economics Vol. 73 No. 3 1959

Structural Aspects of Money Velocity

George Garvy

Federal Reserve Bank of New York

Abstract

I. Concepts of money velocity, 429. — II. Factors responsible for secular and cyclical changes in transactions velocity, 433. — III. Influence of changes in the pattern of ownership of demand deposits on money velocity, 437. — IV. Influence of changing composition of payment flows on deposit velocity, 440. — V. Effect of compensating balances upon cyclical variations in transactions velocity, 443. — VI. Conclusions, 446.

DOI
10.2307/1880613
Volume
73
Issue
3
Pages
429
Sources
openalex crossref

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