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Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...
Persistent link: https://www.econbiz.de/10005599573
This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership … model is suggested for privatization where the Government’s property trust (Treuhandanstait (THA)) is made a silent partner …
Persistent link: https://www.econbiz.de/10005768873