Year: 1960
Type: article
Abstract: IN the continuing debate about the role of money, credit, and monetary policy in our society, one of the major issues centers around the specific incidence of "tight money" on individual business firms. On the one hand, leading proponents of monetary controls as a regulatory device have emphasized the general, impersonal nature of such controls. They have argued that the impact of monetary policy is determined by the reaction of individual borrowers to changed market conditions.
DOI: 10.2307/1925692
Author: Allan H. Meltzer
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2029800541