A note on debt and economic activity

Luis Angeles

Economics Letters, 2015, vol. 136, issue C, 67-69

Abstract: This note explores how debt flows may have an effect on economic activity. Crucially, banks are not viewed as mere financial intermediaries but as agents who create and lend money to borrowers without reducing anyone’s holdings of money in the process.

Keywords: Banks; Debt; Money; Deleveraging; Crises (search for similar items in EconPapers)
JEL-codes: E44 E51 G21 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:67-69

DOI: 10.1016/j.econlet.2015.09.009

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