Introduction

Gordon Pepper
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Gordon Pepper: Department of Banking and Finance, City University Business School

A chapter in Money, Credit and Asset Prices, 1994, pp 1-3 from Palgrave Macmillan

Abstract: Abstract Monetary systems are rarely in equilibrium. Within a domestic economy the supply of money is not necessarily equal to the demand for it. Suppose that supply is in surplus, the excess money can then be spent in four ways.

Keywords: Asset Price; Nominal Interest Rate; Asset Price Model; Domestic Economy; Bank Deposit (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37593-2_1

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DOI: 10.1057/9780230375932_1

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