Money and Credit Supply

  • Ansgar BelkeEmail author
  • Thorsten Polleit

“Money is a little like an airplane – marvellous when it works, frustrating when it is immobilised, and tragic when it crashes.” Money is one of man’s great inventions, and it is a crucial part of the pervasive framework of a society organised along the lines of free markets – characterised by private property, the division of labour and free trade. It has become common practise to define money as the universally accepted means of exchange.


Monetary Policy Central Bank Euro Area Money Supply European Central Bank 
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© Springer-Verlag Berlin Heidelberg 2009

Authors and Affiliations

  1. 1.Chair for MacroeconomicsUniversity Duisburg-Essen Faculty of Economics and Business Administration45117 EssenGermany
  2. 2.Frankfurt School of Finance & Management60314 Frankfurt am MainGermany

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