Money And Credit Theory And Applications

money and credit theory and applications

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We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter



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In monetary economics, the quantity theory of money (QTM) states that the general price level of goods and services is directly proportional to the amount of money in

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A Model of Money and Credit with Application to the

THE THEORY OF MONEY AND CREDIT New edition, enlarged with an essay on Monetary Reconstruction § 10 Further Applications of the Quantity Theory 151

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