Conclusion

M. L. Burstein
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M. L. Burstein: York University

Chapter 11 in The New Art of Central Banking, 1991, pp 219-233 from Palgrave Macmillan

Abstract: Abstract Scanning more than two thousand years of economic history, it is hard to discern spontaneous monetary impetus to real economic fluctuations. But systematic vibration in the action of monetary authorities (MAs) may induce systematic ‘real’ vibration. Of course, an MA might impart a regular vibration to an economy it makes less volatile.

Keywords: Banking System; Money Supply; Monetary Authority; Free Banking; Convenience Yield (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11626-3_11

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