The Quality of Debt
Charles P. Kindleberger
Chapter 10 in Profits, Deficits and Instability, 1992, pp 189-201 from Palgrave Macmillan
Abstract:
Abstract Much of macroeconomic analysis, outside of fiscal policy, runs in terms of the quantity of money. Velocity is assumed to be constant, or to vary only within narrow limits. Control the money supply, the monetarists claim, and you control national income, more or less, but at any rate within a comfortable range.
Keywords: Interest Rate; Interest Rate Risk; Bank Debt; Free Banking; Cash Inflow (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11786-4_10
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DOI: 10.1007/978-1-349-11786-4_10
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