The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots
Abstract In this paper, we compare the dynamics of the growth rates of the original Divisia monetary aggregates, the credit card-augmented Divisia monetary aggregates, and the credit card-augmented Divisia inside monetary aggregates. This analysis is based on the methods of recurrence plots, recurre...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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SpringerOpen
2024-04-01
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| Series: | Financial Innovation |
| Online Access: | https://doi.org/10.1186/s40854-024-00611-9 |
| _version_ | 1797219653501583360 |
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| author | Ioannis Andreadis Athanasios D. Fragkou Theodoros E. Karakasidis Apostolos Serletis |
| author_facet | Ioannis Andreadis Athanasios D. Fragkou Theodoros E. Karakasidis Apostolos Serletis |
| author_sort | Ioannis Andreadis |
| collection | DOAJ |
| description | Abstract In this paper, we compare the dynamics of the growth rates of the original Divisia monetary aggregates, the credit card-augmented Divisia monetary aggregates, and the credit card-augmented Divisia inside monetary aggregates. This analysis is based on the methods of recurrence plots, recurrence quantification analysis, and visual boundary recurrence plots which are phase space methods designed to depict the underlying dynamics of the system under study. We identify the events that affected Divisia money growth and point out the differences among the different Divisia monetary aggregates based on the recurrence and visual boundary recurrence plots. We argue that the broad Divisia monetary aggregates could be used for monetary policy and business cycle analysis as they are exhibiting less fluctuation compared to the narrow Divisia monetary aggregates. They could positively affect policy decisions regarding environmental choices and sustainability. We also point out the changes in the monetary dynamics locating the 2008 global financial crisis and the Covid-19 pandemic. |
| first_indexed | 2024-04-24T12:37:04Z |
| format | Article |
| id | doaj.art-37cd051bdea74ebfbd41cacebf73bf17 |
| institution | Directory Open Access Journal |
| issn | 2199-4730 |
| language | English |
| last_indexed | 2024-04-24T12:37:04Z |
| publishDate | 2024-04-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Financial Innovation |
| spelling | doaj.art-37cd051bdea74ebfbd41cacebf73bf172024-04-07T11:27:45ZengSpringerOpenFinancial Innovation2199-47302024-04-0110112610.1186/s40854-024-00611-9The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plotsIoannis Andreadis0Athanasios D. Fragkou1Theodoros E. Karakasidis2Apostolos Serletis3International School of The HagueLaboratory of Hydromechanics and Environmental Engineering, Department of Civil Engineering, University of ThessalyCondensed Matter Physics Laboratory, Department of Physics, University of ThessalyDepartment of Economics, University of CalgaryAbstract In this paper, we compare the dynamics of the growth rates of the original Divisia monetary aggregates, the credit card-augmented Divisia monetary aggregates, and the credit card-augmented Divisia inside monetary aggregates. This analysis is based on the methods of recurrence plots, recurrence quantification analysis, and visual boundary recurrence plots which are phase space methods designed to depict the underlying dynamics of the system under study. We identify the events that affected Divisia money growth and point out the differences among the different Divisia monetary aggregates based on the recurrence and visual boundary recurrence plots. We argue that the broad Divisia monetary aggregates could be used for monetary policy and business cycle analysis as they are exhibiting less fluctuation compared to the narrow Divisia monetary aggregates. They could positively affect policy decisions regarding environmental choices and sustainability. We also point out the changes in the monetary dynamics locating the 2008 global financial crisis and the Covid-19 pandemic.https://doi.org/10.1186/s40854-024-00611-9 |
| spellingShingle | Ioannis Andreadis Athanasios D. Fragkou Theodoros E. Karakasidis Apostolos Serletis The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots Financial Innovation |
| title | The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots |
| title_full | The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots |
| title_fullStr | The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots |
| title_full_unstemmed | The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots |
| title_short | The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots |
| title_sort | credit card augmented divisia monetary aggregates an analysis based on recurrence plots and visual boundary recurrence plots |
| url | https://doi.org/10.1186/s40854-024-00611-9 |
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