Inflation and Financial Systems

Paul Beckerman

Chapter 5 in The Economics of High Inflation, 1992, pp 68-84 from Palgrave Macmillan

Abstract: Abstract There is an argument that financial systems can function and develop reasonably well despite high inflation, as long as rates of return are not “repressed”—that is, as long as rates are either market-determined or set by authorities aiming roughly to equilibrate supply of and demand for financial resources. In particular, “neo-liberal” analysts argue that financial rates must be permitted to exceed the inflation rate, to stimulate saving and to allocate credit to genuinely profitable uses.1

Keywords: Interest Rate; Financial Market; Inflation Rate; Commercial Bank; Money Supply (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-21713-7_5

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