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Throughout much of the twentieth century, economists paid little heed to the role of financial intermediaries in procuring a beneficial allocation of capital. But by the end of the century some financial historians had begun to turn the tide, and the phrase 'finance-growth nexus' became part of...
Persistent link: https://www.econbiz.de/10013285128
economic history strongly complements the extensive empirical research by King and Levine (1993) and many others who have … the concept of financial revolutions. They argue based on the history of the Netherlands, Great Britain, the United States …
Persistent link: https://www.econbiz.de/10011602923
Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long …-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation …-stable monetary regimes in history are explored. By surveying thirty hyperinflations, Peter Bernholz demonstrates that certain …
Persistent link: https://www.econbiz.de/10010514064
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1. Introduction -- 2. Inflation and monetary regimes -- 3. Inflation under metallic monetary regimes -- 4. Moderate … paper money inflations -- 5. Characteristics of hyperinflations -- 6. Currency competition, inflation, Gresham's law and …
Persistent link: https://www.econbiz.de/10011851086
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. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …
Persistent link: https://www.econbiz.de/10013329423
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