Record Details

Overdrafts and monetary policy

PSL Quarterly Review

View Archive Info
 
 
Field Value
 
Title Overdrafts and monetary policy
 
Creator ARNDT, H.W.
 
Subject
Overdraft system, bank lending, monetary policy, money supply, credit
E51, E52, G21
 
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 characterize a banking system that 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.
 
Publisher Economia civile
 
Contributor
 
Date 2014-02-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11680
 
Source PSL Quarterly Review; Vol 17, No 70 (1964)
PSL Quarterly Review; Vol 17, No 70 (1964)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11680/11537
 
Rights Copyright (c) 2016 H.W. ARNDT
http://creativecommons.org/licenses/by-nc-nd/4.0