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Credit mechanics: a precursor to the current money supply debate

Decker, Frank and Goodhart, C. A. E. (2018) Credit mechanics: a precursor to the current money supply debate. (14 Dec 2018). Website.

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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: 01 Dec 2020 00:55

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