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Redicovering Mises-Hayek monetary and business cycle theory in light of the current crisis: Credit expansion as a source of economic boom and bust
Mrowiec, Marcin
- In:
e-Finanse: Financial Internet Quarterly
9
(
2013
)
2
,
pp. 64-74
The article starts with a brief description of Mises' monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is described...
Persistent link: https://www.econbiz.de/10011551396
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An Idealized View of Financial Intermediation
Sissoko, Carolyn
- In:
Economics: The Open-Access, Open-Assessment E-Journal
1
(
2007
)
2007-5
,
pp. 1-29
relaxed. We show that
fiat
money
can implement a Pareto optimal allocation only if taxes are type-specific. We then consider …
Persistent link: https://www.econbiz.de/10010295288
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