Money and Finance in Economic Growth and Development: Essays in Honor of Edward S. Shaw : Proceedings of the Conference Held at Stanford UniversityRonald I. McKinnon M. Dekker, 1976 - 339 pages Textbook tracing the role of the monetary system and financial system in economic growth and development - covers financial policy in developing countries, the cost of inflation and approaches to deflation, the effects of economic integration and the international monetary system on local finance and monetary policy, and includes perspectives for coordination within the EC. References. |
Contents
Economic Growth and Financial Intermediation | 11 |
Comment | 23 |
Inflation Financial Repression | 35 |
Copyright | |
13 other sections not shown
Common terms and phrases
adjustment aggregate allocation analysis balance of payments capital formation capital market capital-market central bank changes chapter currency curve deficit demand deposits demand for capital demand for money deposit rate domestic budget Economic Development effects elasticity endogenous equilibrium euro-dollar expected expenditures exports financial assets financial intermediation financial repression fixed exchange rates foreign function gross domestic product Groups holdings impact important income increase inflationary instability interest rates international financial investment Korea LDCs less developed countries loans marginal productivity McKinnon monetary assets monetary base monetary expansion monetary policy money and capital money balances money supply nominal money nonmonetary assets nontraded output percent portfolio price level private sector productivity of capital rate of growth rate of inflation rate of monetary rate of return rates of interest real money real rate reduce reserves savings deposits seigniorage Shaw shift stabilization steady-state supply of money surplus variables welfare cost