Finance, Funding, Saving, and Investment

Louise Davidson

Chapter 24 in Money and Employment, 1990, pp 365-373 from Palgrave Macmillan

Abstract: Abstract One of the most difficult aspects of monetary theory is to distinguish between the necessary (short-term) financing of an investment project while it is being constructed and the (long-term) funding of an investment project after it is completed. In a monetary economy, real investments flows are not usually undertaken until short-term bank financing arrangements have been made. Once undertaken, the real savings comes into existence pari passu with the real investment flow. Once built, the investment goods exist whether the long-term funding process is successful or not.

Keywords: Interest Rate; Capital Good; Investment Project; Liquidity Constraint; Forward Contract (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-11513-6_25

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