CONTEMPORARY APPROACHES IN THE ANALYSIS OF ECONOMIC PERFORMANCES
ANALYSIS OF FACTORS AFFECTING THE VELOCITY OF MONEY IN SERBIA
Zoran Tomić
Abstract: The effect of money supply in the economy depends on the amount of money in circulation and the velocity of money. The velocity of money is not a constant value, as many researchers in their research consider and many factors affect the changing of velocity of money. In this paper we analyzed some of the factors influencing the change of velocity of money circulation in Serbia in the period 2000 - 2016 using multiple regression analysis. It was found that changes in the exchange rate, savings, discount rate and the level of monetization have a statistically significant impact on the change in value of the velocity of money circulation.
Keywords: Velocity of Money, Regression Analysis, Serbia
Published: p. 165-173
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