Business Cycles in a Financially Deregulated America

Albert M. Wojnilower
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Albert M. Wojnilower: The Clipper Group and Craig Drill Capital

Chapter 5 in Monetary Theory as a Basis for Monetary Policy, 2001, pp 145-172 from Palgrave Macmillan

Abstract: Abstract A very long time ago, in 1980, Brookings published my paper entitled The Central Role of Credit Crunches in Recent Financial History’ (Wojnilower (1980)). Presumably the emphasis of this and subsequent articles on the transcendent role of financial institutions and credit in business fluctuations is what led the chairman to invite the present contribution, although I am an economist practising in the financial rather than the scholarly or government community.

Keywords: Interest Rate; Monetary Policy; Business Cycle; Central Bank; Mutual Fund (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1007/978-1-4039-3961-6_5

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