Should we Have Index Loans?

Guy Arvidsson
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Guy Arvidsson: University of Lund

Chapter Chapter 8 in Inflation, 1962, pp 112-126 from Palgrave Macmillan

Abstract: Abstract Though one can see why index loans have been advocated primarily as a means of protecting savers against losses resulting from inflation and/or as a means of stimulating private saving, it is nevertheless remarkable that discussions about, and propaganda for, index loans have largely centred on savers and saving. Index loans possess no characteristics which — even during inflation — put savers and lenders in a better position than ordinary loans (hereinafter called money loans). Whether, with a given rate of inflation, index loans will prove to be more advantageous to lenders than money loans depends entirely on their respective rates of interest.

Keywords: Interest Rate; Real Interest Rate; Credit Market; Real Rate; Private Saving (search for similar items in EconPapers)
Date: 1962
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08455-5_8

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DOI: 10.1007/978-1-349-08455-5_8

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