Advertisement

Abstract

Since excessive credit expansions have preceded many deep downturns, particularly important is an understanding of finance, the credit creation process and banking, which in a modern economy are markedly different from the way envisioned in more traditional models.

Keywords

Interest Rate Monetary Policy Aggregate Demand Credit Default Swap Capitalist Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Joseph E. Stiglitz 2016

Authors and Affiliations

  • Joseph E. Stiglitz
    • 1
  1. 1.Columbia UniversityUSA

Personalised recommendations