Abstract
Much of macroeconomic analysis, outside of fiscal policy, runs in terms of the quantity of money. Velocity is assumed to be constant, or to vary only within narrow limits. Control the money supply, the monetarists claim, and you control national income, more or less, but at any rate within a comfortable range.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Crouzet, F, F., ‘Opportunity and Risk in Atlantic Trade during the French Revolution’, a paper presented to the International Symposium in honour of Professor Wolfram Fischer, Berlin (6–7 May 1988).
Friedman, B. J., ‘The Roles of Money and Credit in Economic Analysis’, in James Tobin (ed.), Macroeconomics, Prices and Quantities: Essays in Memory of Arthur M. Okun (Washington, D.C.: Brookings, 1983).
Friedman, Milton, The Optimum Quantity of Money and Other Essays (Chicago: Aldine, 1963).
Giddy, Ian, ‘Regulation of Off-Balance Sheet Banking’, in Federal Reserve Bank of San Francisco, The Search for Financial Stability: The Last Fifty Years (San Francisco, 1985).
Goldsmith, R., Financial Structure and Development (New Haven: Yale University Press, 1969).
Hawtry, R. G., Currency and Credit (London: Longmans, Green, 1919).
Kane, E., ‘How Market Forces Influence the Structure of Financial Regulation’, paper for the American Enterprise Institute’s Financial Market Project (Febru-ary 1988).
Kaufman, H., Interest Rates, the Markets, and the New Financial World (New York: Times Brooks, 1986).
Kindleberger, Charles P., Manias, Panics and Crashes: A History of Financial Crises (New York: Basic Books, 1978).
Minsky, H. P., ‘The Financial-Instability Hypothesis: Capitalist Processes and the Behavior of the Economy’, in C. P. Kindleberger and J. P. Laffargue (eds), Financial Crises: Theory, History and Policy (Cambridge: Cambridge University Press, 1982).
Samuelsson, Kurt, ‘International Payments and Credit Movements by Swedish Merchant-Houses, 1730–1815’. Scandinavian Economic History Review, vol. 3 (1955).
Simons, H., Economic Policy for a Free Society (Chicago: University of Chicago Press, 1948).
Copyright information
© 1992 Dimitri B. Papadimitriou
About this chapter
Cite this chapter
Kindleberger, C.P. (1992). The Quality of Debt. In: Profits, Deficits and Instability. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11786-4_10
Download citation
DOI: https://doi.org/10.1007/978-1-349-11786-4_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11788-8
Online ISBN: 978-1-349-11786-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)