La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy)
The article analyses the overdraft system of bank lending and its potentially harmful effects on monetary policy. From the point of view of the economy as a whole, and for the purposes of monetary policy, three features characterise a banking system which uses the overdraft, as contrasted with the f...
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| Format: | Article |
| Language: | Italian |
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Associazione Economia civile
2014-07-01
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| Series: | Moneta e Credito |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/12439 |
| _version_ | 1811172717837156352 |
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| author | H.W. ARNDT |
| author_facet | H.W. ARNDT |
| author_sort | H.W. ARNDT |
| collection | DOAJ |
| description | The article analyses the overdraft system of bank lending and its potentially harmful effects on monetary policy. From the point of view of the economy as a whole, and for the purposes of monetary policy, three features characterise a banking system which uses the overdraft, as contrasted with the fixed loan, method of lending. First, a different significance attaches to “money supply” as an indicator of liquidity. Secondly, a different significance attaches to bank advances as an indicator of the volume of bank credit and of its effects on the level of spending. Finally, and most importantly, the monetary authorities face an additional difficulty in their efforts to keep the economy on an even keel. The author examines each of these features in turn.
JEL: E51, E52, G21
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| first_indexed | 2024-04-10T17:36:05Z |
| format | Article |
| id | doaj.art-c9b730139d784ce2a52e3e4f085e51d5 |
| institution | Directory Open Access Journal |
| issn | 2037-3651 |
| language | Italian |
| last_indexed | 2024-04-10T17:36:05Z |
| publishDate | 2014-07-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | Moneta e Credito |
| spelling | doaj.art-c9b730139d784ce2a52e3e4f085e51d52023-02-03T16:38:58ZitaAssociazione Economia civileMoneta e Credito2037-36512014-07-01186910.13133/2037-3651/12439La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy)H.W. ARNDTThe article analyses the overdraft system of bank lending and its potentially harmful effects on monetary policy. From the point of view of the economy as a whole, and for the purposes of monetary policy, three features characterise a banking system which uses the overdraft, as contrasted with the fixed loan, method of lending. First, a different significance attaches to “money supply” as an indicator of liquidity. Secondly, a different significance attaches to bank advances as an indicator of the volume of bank credit and of its effects on the level of spending. Finally, and most importantly, the monetary authorities face an additional difficulty in their efforts to keep the economy on an even keel. The author examines each of these features in turn. JEL: E51, E52, G21 https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/12439Overdraft systembank lendingmonetary policymoney supplycredit |
| spellingShingle | H.W. ARNDT La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy) Moneta e Credito Overdraft system bank lending monetary policy money supply credit |
| title | La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy) |
| title_full | La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy) |
| title_fullStr | La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy) |
| title_full_unstemmed | La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy) |
| title_short | La politica monetaria e il problema delle aperture di credito. (Overdrafts and monetary policy) |
| title_sort | la politica monetaria e il problema delle aperture di credito overdrafts and monetary policy |
| topic | Overdraft system bank lending monetary policy money supply credit |
| url | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/12439 |
| work_keys_str_mv | AT hwarndt lapoliticamonetariaeilproblemadelleaperturedicreditooverdraftsandmonetarypolicy |