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Sustainable Credit And Interest Rates


  • Andreas Hula


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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  • Andreas Hula, 2011. "Sustainable Credit And Interest Rates," Papers 1111.3035,, revised Jun 2012.
  • Handle: RePEc:arx:papers:1111.3035

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