The Role of Money and the Logic of Recessions

Luis Angeles ()
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Luis Angeles: University of Glasgow

Chapter Chapter 9 in Money Matters, 2022, pp 77-85 from Springer

Abstract: Abstract There is no denying the importance of the financial system for the health and progress of any modern economy.

Keywords: Credit to the private sector; Recession; External shocks; Money-based economies; Savings; Circular flow of money (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95516-8_9

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DOI: 10.1007/978-3-030-95516-8_9

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