Credit Control by Interest Rates

Geoffrey W. Gardiner

Chapter 4 in The Evolution of Creditary Structures and Controls, 2006, pp 47-70 from Palgrave Macmillan

Abstract: Abstract MONETARY THEORISTS believe that there will be a much greater inclination to borrow if the interest rate is low.1 This is an acceptable proposition, for no-one could sensibly deny that the demand for credit would probably be infinite if the nominal interest rate were nil and no repayments were required.

Keywords: Interest Rate; House Price; Money Supply; Nominal Interest Rate; High Interest Rate (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230288447_4

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