Abstract
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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Chick, V. (2018). Finance and Saving. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_245
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DOI: https://doi.org/10.1057/978-1-349-95189-5_245
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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