Extended Outline of the New Economics of Investment Credit

George T. Edwards

Chapter 3 in The Role of Banks in Economic Development, 1987, pp 62-90 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to extend the range of the new economics of investment credit by (i) discussing the interrelationships between business confidence, liquidity and the demand for funds (in this section); (ii) demonstrating how longer-term finance improves the rate of return on a project, as seen by a businessman (Section 3.2); (iii) postulating two kinds of rational economic behaviour within different economic systems – one involving a virtuous cycle, and one a vicious cycle – depending upon the nature of the relationships between banks and industry within an economy (Section 3.3); and (iv) restating briefly the ideas, basic principles and procedures of investment credit economics (in Section 3.4).

Keywords: Interest Rate; Money Supply; Investment Project; Virtuous Cycle; Repayment Rate (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08627-6_3

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DOI: 10.1007/978-1-349-08627-6_3

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