Money and credit a long-term view
Schularick and Taylor (2012) documented a sizeable increase in the ratio between credit and broad money since the end of WWII, which they interpreted in terms of a progressive disconnect between the two aggregates. I show that this interpretation is incorrect, since, as I demonstrate mathematically,...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Bern, Switzerland
Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics
June 2018
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| Schriftenreihe: | Discussion papers / Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics
BV036790267 |
| Online-Zugang: | Kostenfrei Kostenfrei |
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