Monetary Policy Implications of Digital Money
نویسندگان
چکیده
منابع مشابه
Divorcing Money from Monetary Policy
onetary policy has traditionally been viewed as the process by which a central bank uses its influence over the supply of money to promote its economic objectives. For example, Milton Friedman (1959, p. 24) defined the tools of monetary policy to be those “powers that enable the [Federal Reserve] System to determine the total amount of money in existence or to alter that amount.” In fact, the v...
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ژورنال
عنوان ژورنال: Kyklos
سال: 1998
ISSN: 0023-5962,1467-6435
DOI: 10.1111/1467-6435.00039