The central bank’s dilemma, the inflation-deflation paradox and a new interpretation of the Kondratieff waves
The article tries to contribute to a new understanding of how money is created by commercial banks and to describe the dilemma, which after some time, every Central Bank within the fractional reserve banking system faces. This dilemma provides an explication for the politics of “cheap money” that ha...
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| Publicat a: | Economía |
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| Autors principals: | , , |
| Format: | Artigo |
| Idioma: | Inglês |
| Publicat: |
Universidad de los Andes
2013
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| Matèries: | |
| Accés en línia: | https://www.redalyc.org/articulo.oa?id=195636962003 |
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