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This paper traces R.G. Hawtrey's main contributions to the theory of the lender of last resort (LLR), both national and … approach about LLR. Hawtrey renewed Thonton's views and extended the concepts to new problems, including the ILLR. Hawtrey …
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This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context, both in terms of economic history and in terms of the history of economics. It discusses the post-World War I period as background to the General Theory, looks at the...
Persistent link: https://www.econbiz.de/10010721586
This paper traces R. G. Hawtrey’s main contributions to the theory of the lender of last resort national both (LLR) and …, 1984, 1989 and 1992) who considers that Thornton and Bagehot have basically the same approach about LLR. Hawtrey renewed … Thonton’s views extending the concepts to new problems, including the ILLR. Hawtrey built a model of LLR in a dynamic …
Persistent link: https://www.econbiz.de/10010707567