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Money, Debt and Liquidity

In: Output, Inflation and Growth

Author

Listed:
  • D. C. Rowan

    (University of Southampton
    University of New South Wales)

Abstract

In our outline of the liquidity preference theory of interest we have already put forward a definition of the money supply. This definition, however, was stated dogmatically and the principles underlying it were never discussed. At the same time we made reference to the concept of liquidity. Our task in this chapter is to examine the concepts of money and liquidity in more detail and thus explain and justify the brief references made in the course of our earlier analysis.

Suggested Citation

  • D. C. Rowan, 1983. "Money, Debt and Liquidity," Palgrave Macmillan Books, in: Output, Inflation and Growth, edition 0, chapter 0, pages 405-416, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06800-5_24
    DOI: 10.1007/978-1-349-06800-5_24
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