Decker, Frank and Goodhart, C. A. E. (2018) Credit mechanics: a precursor to the current money supply debate. (14 Dec 2018). Website.
Full text not available from this repository.Abstract
Credit mechanics and related approaches were developed by a group of German monetary economists during the 1920s-1960s. This column assesses the analysis of credit mechanics within the context of the current money supply debate, arguing that the theory qualified a one-sided, bank-centric view of money creation which is now often encountered in monetary theory. With the old standard textbook models of money creation now discredited, the authors advocate a more general approach to money supply theory involving credit mechanics
| Item Type: | Online resource (Website) |
|---|---|
| Additional Information: | © 2018 VOX |
| Divisions: | Financial Markets Group |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 08 Feb 2019 13:06 |
| Last Modified: | 11 Dec 2024 16:23 |
| URI: | http://eprints.lse.ac.uk/id/eprint/100068 |
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