A note on debt and economic activity

Angeles, L. (2015) A note on debt and economic activity. Economics Letters, 136, pp. 67-69. (doi:10.1016/j.econlet.2015.09.009)

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Abstract

This note explores how debt flows may have an effect on economic activity. Crucially, banks are not viewed as mere financial intermediaries but as agents who create and lend money to borrowers without reducing anyone’s holdings of money in the process.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Angeles, Dr Luis
Authors: Angeles, L.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Economics Letters
Publisher:Elsevier B.V.
ISSN:0165-1765
ISSN (Online):1873-7374
Copyright Holders:Copyright © 2015 Elsevier B.V.
First Published:First published in Economics Letters 136:67-69
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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