Credit substitution and the euro-currency market

The inflationary implications of the Euro-currency market continue to be a source of contention and misunderstanding. One view on the matter is that the market, having some potential for net credit creation, adds dangerously to the rate of world credit expansion. As a challenge to this view, there a...

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Bibliographic Details
Main Author: W.D. MCCLAM
Format: Article
Language:English
Published: Associazione Economia civile 2013-12-01
Series:PSL Quarterly Review
Subjects:
Online Access:https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11414