Money and Credit Supply

Ansgar Belke and Thorsten Polleit ()
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Thorsten Polleit: Frankfurt School of Finance & Management

Chapter Chapter 1 in Monetary Economics in Globalised Financial Markets, 2009, pp 1-90 from Springer

Abstract: “Money is a little like an airplane – marvellous when it works, frustrating when it is immobilised, and tragic when it crashes.” Money is one of man’s great inventions, and it is a crucial part of the pervasive framework of a society organised along the lines of free markets – characterised by private property, the division of labour and free trade. It has become common practise to define money as the universally accepted means of exchange.

Keywords: Monetary Policy; Central Bank; Euro Area; Money Supply; European Central Bank (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-71003-5_1

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DOI: 10.1007/978-3-540-71003-5_1

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