The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Finance and Saving

  • Victoria Chick
Reference work entry


Saving and finance are now clearly distinguished (though perhaps surprisingly this is a fairly recent development). Finance refers to monetary transactions securing the means of payment for purchases in excess of current cash flow or funding the holding of assets. Problems of finance exist for individuals or firms, not for economies as a whole except in relation to other countries; accordingly, the analysis of finance is microeconomic in character.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Victoria Chick
    • 1
  1. 1.