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Persistent link: https://www.econbiz.de/10011457918
This paper traces R.G. Hawtrey's main contributions to the theory of the lender of last resort (LLR), both national and international (ILLR). This theory is a continuation of one of the traditions of the classical period, started by Henry Thornton, which differs in important points from that of...
Persistent link: https://www.econbiz.de/10009219768
This article investigates the impact of credit allocation on heterogeneous wealth entrepreneurs. We show that with …
Persistent link: https://www.econbiz.de/10010865390