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The Evolution of Creditary Structures and Controls

By: G. Gardiner (Author)

Publisher Out of Stock

Ksh 20,500.00

Format: Hardback or Cased Book

ISBN-13: 9781403987532

Publisher: Palgrave USA

Publication Date: Apr 13th, 2006

Dimension: 21.60 x 14.00 x 52.10 cms

Category: Monetary economics

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The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.

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