Is the Law of Reflux Valid?
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- Hortlund, Per, 2005. "Clearing vs. Leakage: Does Note monopoly Increase Money and Credit Cycles?," SSE/EFI Working Paper Series in Economics and Finance 600, Stockholm School of Economics.
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KeywordsBanking School; Free Banking School; Elastic currency; Clearing mechanism; Needs of trade; Law of Reflux; Real bills doctrine;
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
- N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
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