Money and Capital in Economic DevelopmentBrookings Institution, 1973 - 184 pages Study of the role of capital and financial markets in developing countries, presenting an economic theory of economic development in which the domestic monetary system and monetary policy are of prime importance - covers agricultural credit and savings, banking systems, investment, the role of high interest rates, inflation, unemployment, money supply and the price level, trade and fiscal policy, exchange rates and foreign capital, etc. References and statistical tables. |
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Results 1-3 of 42
Page 45
... physical capital , K is the stock of physical capital , and t is an index of time . A key characteristic of this investment function is that an in- crease in demand for the real stock of money reduces investment , as is reflected by the ...
... physical capital , K is the stock of physical capital , and t is an index of time . A key characteristic of this investment function is that an in- crease in demand for the real stock of money reduces investment , as is reflected by the ...
Page 60
... physical capital increases desired real cash - balance holdings because the rise is associated with an increase in the investment / income ratio . ( It would not be true if the rise in 7 were associated with a fall in the aggregate ...
... physical capital increases desired real cash - balance holdings because the rise is associated with an increase in the investment / income ratio . ( It would not be true if the rise in 7 were associated with a fall in the aggregate ...
Page 183
... Physical capital , 3 ; -money complemen- tarity , 43-47 , 51 , 57-62 , 67 , 86–87 , 119- 21 ; neoclassical theory , 43-48 , 51 , 63 Portfolio effect , 124-29 Power , John H. , 130n Price level : agricultural market , 25-27 , 75-77 ...
... Physical capital , 3 ; -money complemen- tarity , 43-47 , 51 , 57-62 , 67 , 86–87 , 119- 21 ; neoclassical theory , 43-48 , 51 , 63 Portfolio effect , 124-29 Power , John H. , 130n Price level : agricultural market , 25-27 , 75-77 ...
Contents
Introduction | 1 |
The Intervention Syndrome | 22 |
Money and the Price Level | 37 |
Copyright | |
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Common terms and phrases
aggregate agricultural average bank credit banking system borrowers Brazil capital accumulation capital market Chapter Chile commercial commodity cost deflation devaluation domestic economy effect efficient entrepreneurs exchange rate export external finance farmers financial repression firm-households firms fiscal foreign capital foreign exchange foreign trade fragmentation Hence holding money import import substitution income increase industrial inputs internal Keynesian Korea LDCs lenders less developed countries liberalization loans marginal monetary system moneylenders neoclassical model nominal interest rate nominal money nominal rates organized banking output percent physical capital poor countries portfolio price index production propensity to save rate of inflation rates of interest rates of return ratio real cash balances real money balances real rates real return real stock reduced reform restrictions return on holding return on money revenue rural sector seigniorage self-finance self-financed investment stock of money store of value subsidy tariff theory tion U.S. dollars