scholarly journals The Money View Versus the Credit View

2018 ◽  
Vol 2018 (042) ◽  
Author(s):  
◽  
Sarah S. Baker ◽  
David López-Salido ◽  
Edward Nelson ◽  
◽  
...  
Keyword(s):  
Credit View

European Versus Anglo-Saxon Credit View: Evidence from the Eurozone Sovereign Debt Crisis

2016 ◽  
Author(s):  
Marc Altddrfer ◽  
Carlos A. De las Salas ◽  
Andre Guettler ◽  
Gunter LLffler
Keyword(s):  
Sovereign Debt ◽  
Debt Crisis ◽  
Sovereign Debt Crisis ◽  
Anglo Saxon ◽  
Credit View

scholarly journals Joseph Schumpeter’s Credit View of Money: a Contribution to a “Monetary Analysis” of Capitalism

2020 ◽  
Vol 12 (4) ◽  
pp. 054-076
Author(s):  
Odile Lakomski-Laguerre ◽  
Keyword(s):  
Banking System ◽  
The United States ◽  
Coercive Power ◽  
Accounting System ◽  
Private Bank ◽  
Finance Minister ◽  
Monetary Analysis ◽  
Central Agency ◽  
Credit View ◽  
Innovation And Entrepreneurship

This paper highlights Joseph Schumpeter’s monetary thought, which appears to be neglected, compared to his theory of innovation and entrepreneurship. In particular, the author addresses his completely unknown writing “Das Wesen des Geldes” focused on the topic of money. This book uncovers the “essence” and the logic of money and credit that stem from Schumpeter’s experience as the finance minister and the president of a private bank. Relying on this experience, Schumpeter rediscovers and deepens the credit theory of money, which interprets the money as an institution and a social accounting system, with the banking system seen as the central agency of capitalism. “Das Wesen des Geldes” is particularly interesting, since it is the outcome of Schumpeter’s elaborations within the framework of the German Historical (Ethical) School headed by Gustav Schmoller. This was followed by his moving to the United States, and his views reversed to support the neoclassical framework in line with Marshall – Taussig canon. The fact that “Das Wesen des Geldes” was not published posthumously until 40 years after it was written, shows the coercive power of the rules within the communities of academic economists.

scholarly journals Hogyan hat a monetáris politika a befektetői döntésekre?

Competitio ◽  
2006 ◽  
Vol 5 (2) ◽  
pp. 99-112
Author(s):  
Balázs Csontó ◽  
Dóra Siklós
Keyword(s):  
Economic Literature ◽  
Credit View

A tanulmány célja, hogy megvizsgálja azokat a mechanizmusokat, amelyeken keresztül a monetáris politika kifejti hatását a befektetői döntésekre . A monetáris politikai döntések a transzmissziós csatornákon keresztül gyakorolnak hatást a gazdaságra, így e csatornák működésének alapos megismerése elengedhetetlenül fontos a monetáris politikai célkitűzések megvalósításához. Éppen ezért, a monetáris politika által alkalmazható eszközök nagyon rövid áttekintése után a dolgozat részletesen elemzi az egyes csatornák működését. Ezen belül kitér a hagyományos csatornákra („money view”) és a hitelcsatornára összpontosító nézetekre („credit view”), valamint e csatornáknak az eurózónában és Magyarországon betöltött jelentőségére. A tanulmány befejező része felhívja a figyelmet egy olyan helyzetre, amikor a monetáris politika elveszíti a befektetői döntések befolyásolására vonatkozó képességét, azaz a likviditási csapda jelenségére. Journal of Economic Literature (JEL) kód: E50, E52

Further evidence on the credit view: the case of Finland

2002 ◽  
Vol 34 (3) ◽  
pp. 267-278 ◽  
Author(s):  
Ali Anari ◽  
James Kolari ◽  
Seppo Pynnönen ◽  
Antti Suvanto
Keyword(s):  
Credit View

Central bankers and the rationale for unconventional monetary policies: reasserting, renouncing or recasting monetarism?

2020 ◽  
Author(s):  
Brett Fiebiger ◽  
Marc Lavoie
Keyword(s):  
Global Financial Crisis ◽  
Banking System ◽  
Causal Chain ◽  
Monetary Transmission ◽  
Monetary Policies ◽  
Expected Inflation ◽  
Bank Of England ◽  
Credit View ◽  
The Global Financial Crisis ◽  
Central Bankers

Abstract The purpose of this paper is to examine the rationale for the unconventional monetary policies adopted by central banks in response to the Global Financial Crisis. Quantitative easing appears to be a return to monetarist principles. Indeed, the Bank of England emphasised a causal chain running from increases in broad money to spending and inflation, while the Bank of Japan later pointed to a theorised relation between base money and expected inflation. Some aspects of monetarism have been renounced, albeit not necessarily with convincing reasoning. Monetarist principles can also be discerned in the ‘credit view’ associated with the research of two-term US Federal Reserve Chair, Ben Bernanke. An understanding of the banking system and the channels of monetary transmission is still a work in progress.

Credit Rationing and Credit View: Empirical Evidence from Loan Data

2009 ◽  
Author(s):  
Leonardo Becchetti ◽  
Maria Melody Garcia ◽  
Giovanni Trovato
Keyword(s):  
Empirical Evidence ◽  
Credit Rationing ◽  
Credit View

“Credit view” on monetary policy in Russia

2020 ◽  
Vol 57 ◽  
pp. 72-88
Author(s):  
A. Pestova ◽  
◽  
Keyword(s):  
Monetary Policy ◽  
Credit View
Sign in / Sign up

Export Citation Format

Share Document