Financial theory of the business cycle, a: net present value and fractional reserve banking
Auteur :
Fuller, Edward W. / Young, Warren
Éditeur :
Taylor & Francis Ltd
ISBN :
9781032867595
Date de publication :
17 févr. 2025
Dimensions :
23,4 x 15,6 cm
Poids :
566 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
A Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.