Growth imperative and money creation – a new outlook on growth dynamics

Hans Christoph Binswanger
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Hans Christoph Binswanger: University of St.Gallen

A chapter in Balanced Growth, 2012, pp 3-9 from Springer

Abstract: Abstract Modern economic development is characterized by a permanent tendency towards growth. I will argue that growth depends substantially on the continuing and boundless creation of money and the resulting dynamics.

Keywords: Interest Rate; Gross Domestic Product; Money Supply; Balance Growth; Bank Deposit (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-642-24653-1_1

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DOI: 10.1007/978-3-642-24653-1_1

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