Creditary Economics

Geoffrey W. Gardiner

Chapter 15 in The Evolution of Creditary Structures and Controls, 2006, pp 220-234 from Palgrave Macmillan

Abstract: Abstract THE PURPOSE of this book has been to switch attention from the deposits side of the banking balance sheet, to the assets side, the loans. The old monetarist approach rests on the assumption that the only money likely to be spent is that which already exists as deposits, whereas the potential to create hitherto unused spending power is ignored. As the latter advances at a rate of six to seven per cent per year, it is clearly of vital importance.

Keywords: Trade Cycle; Money Supply; Trade Credit; Building Society; Debtor Country (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28844-7_15

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DOI: 10.1057/9780230288447_15

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