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