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Sustainable Credit And Interest Rates

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  • Andreas Hula
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    Abstract

    With negative growth in real production in many countries and debt levels which become an increasing burden on developed societies, the calls for a change in economic policy and even the monetary system become louder and increasingly impatient. We research the consequences of a system of credit and debt, that still allows for the expansion of credit and fundamentally retains many features of the present monetary system, without the instability inherent in the present system.

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    File URL: http://arxiv.org/pdf/1111.3035
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    Bibliographic Info

    Paper provided by arXiv.org in its series Papers with number 1111.3035.

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    Date of creation: Nov 2011
    Date of revision: Jun 2012
    Handle: RePEc:arx:papers:1111.3035

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    Web page: http://arxiv.org/

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