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 |
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| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Angeles, Professor 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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