Artikel
The Equation of Exchange Revisited
The Equation of Exchange Revisited The article presents a more general version of the equation of exchange providing separately for a financial turnover of money as well as a corresponding financial velocity of money. This sheds a special theoretical light on the easy monetary policy implemented by the Federal Reserve between 2001 and 2004 and the enlargement of the financial sphere in the United States, which persisted until the recent financial crisis broke out – to become an international economic crisis in due course. (JEL E40, E52, G01, N12)
- Sprache
-
Englisch
- Erschienen in
-
Journal: Kredit und Kapital ; ISSN: 1865-5734 ; Volume: 44 ; Year: 2011 ; Issue: 4 ; Pages: 491-507
- Klassifikation
-
Wirtschaft
Money and Interest Rates: General
Monetary Policy
Financial Crises
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kaiser, Dirk
- Ereignis
-
Veröffentlichung
- (wer)
-
Duncker & Humblot
- (wo)
-
Berlin
- (wann)
-
2011
- DOI
-
doi:10.3790/kuk.44.4.491
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Kaiser, Dirk
- Duncker & Humblot
Entstanden
- 2011
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