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Money, Credit, and Business Fluctuations

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NBER1989-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2823
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This paper provides a critique of standard theories of money, in particular those based on money as a medium of exchange. Money is important because of the relationship between money and credit. The process of judging credit worthiness, in which banks play a central role, involves the collection and
创建时间:
1989-01-01
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