Modern Banking System as a Source of Cyclic Development of Market Economy
AbstractThe article conducts theoretical analysis of the monetary policy costs. On the basis of the author’s interpretation of the Austrian theory of business cycle the article shows the destructive influence of the central bank’s intervention in the financial system on the economy. It also analyzes market agents’ response to the monetary policy.
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Bibliographic InfoArticle provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.
Volume (Year): 6 (2011)
Issue (Month): ()
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Web page: http://www.vopreco.ru/eng/year.html
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