A Financial Theory of the Business Cycle
Net Present Value and Fractional Reserve Banking
A Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.
Februar 2025, ca. 210 Seiten, Routledge Frontiers of Political Economy, Englisch
Taylor and Francis
978-1-032-86759-5
Taylor and Francis
978-1-032-86759-5
A Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.
Februar 2025, ca. 210 Seiten, Routledge Frontiers of Political Economy, Englisch
Taylor and Francis
978-1-032-86759-5
Taylor and Francis
978-1-032-86759-5
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