Une tentative d'explication de l'offre de monnaie en France - article ; n°5 ; vol.24, pg 761-800

Jacques Mélitz

Description

Revue économique - Année 1973 - Volume 24 - Numéro 5 - Pages 761-800
The french money supply: an attempted explanation
A sfudy of the French money supply reveals that the French banks neutralize as a minimum .70, and probably doser to .80, of movements in fhe unborrowed reserve base. Second, changes in borrowed reserves intensif y the impact of changes in the ratio of money to the reserve base, or the money multiplier. Third, the marginal net yield on bank credit, therefore implicitly the aggregate demand for bank credit, exercise an extremely important influence on the level of borrowed reserves. Fourth, the monetary authorities depend highly on their ability to vary the net rate of return on bank credit.
The french money supply: an attempted explanation
A sfudy of the French money supply reveals that the French banks neutralize as a minimum .70, and probably doser to .80, of movements in fhe unborrowed reserve base. Second, changes in borrowed reserves intensif y the impact of changes in the ratio of money to the reserve base, or the money multiplier. Third, the marginal net yield on bank credit, therefore implicitly the aggregate demand for bank credit, exercise an extremely important influence on the level of borrowed reserves. Fourth, the monetary authorities depend highly on their ability to vary the net rate of return on bank credit.
40 pages
Source : Persée ; Ministère de la jeunesse, de l’éducation nationale et de la recherche, Direction de l’enseignement supérieur, Sous-direction des bibliothèques et de la documentation.

Sujets

• Sociologie, société et politique

Informations

• Publié par: REVUE_ECONOMIQUE
• Publié le: 01 janvier 1973
• Nombre de lectures: 12
• Langue: Français
• Poids de l'ouvrage: 2 Mo

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