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Table 2 Demand for sight deposits

From: The sovereign money initiative in Switzerland: an economic assessment

Variables

Coefficient

Std errors

Robust std errors

T test

P value

Constant

− 18.54

0.01

1.52

− 12.23

0.00

ln(Real GDP)

3.72

0.00

0.22

16.98

0.00

i − i m

− 0.13

0.01

0.02

− 8.19

0.00

  1. Notes: Dependent variable is ln \( \left(\frac{\left(\mathrm{M}1-\mathrm{banknotes}\right)}{\mathrm{CPI}}\right) \) Adjusted R2 = 0.80062. Durbin-Watson = 0.53708