منابع مشابه
The Political Economy of Monetary Institutions
Why do national governments choose the monetary institutions they do? While this question has long interested political economists, previous literature on the topic suffers from a central limitation: the choices of exchange-rate regime and central bank independence (CBI) have been analyzed in isolation from one another. This is surprising given that prominent arguments from this literature port...
متن کاملMonetary Policy in the Information Economy
Improvements in information processing technology, and in communications are likely to transform many aspects of economic life, but likely no sector of the economy will be more profoundly affected than the financial sector. Financial markets are rapidly becoming better connected with one another, the costs of trading in them are falling, and market participants now have access to more informati...
متن کاملEstimation of the Impact Factor of Monetary Base Resources on Liquidity in the Iranian Economy
In the economic literature, increasing each of the components of the monetary base by the same coefficient called the multiplier increases liquidity. But in reality, the degree of impact of each component of the monetary base on liquidity may be different. If so, in addition to the monetary base, the composition of the monetary base components can also affect liquidity.Therefore, the present st...
متن کاملThe Role of Credit in a Keynesian Monetary Economy the Role of Credit in a Keynesian Monetary Economy
These Working papers collect the work of the Faculty of Economics of the University of Insubria. The publication of work by other Authors can be proposed by a member of the Faculty, provided that the paper has been presented in public. The name of the proposer is reported in a footnote. The views expressed in the Working papers reflect the opinions of the Authors only, and not necessarily the o...
متن کاملThe Calculation of the Monetary Condition Index (MCI) in Iran Economy (1978–2012)
T he completed MCI includes three main channels of interest rate, exchange rate and credit rate. In developing countries such as Iran, this indicator, which contains a credit channel, could be better used to illustrate the country’s monetary condition. This study has been done to calculate this index for the period of 1978–2012. For this purpose, the function of the total economy demand ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Economic Journal
سال: 1920
ISSN: 0013-0133
DOI: 10.2307/2223209