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Credit, Investments and the Macroeconomy

Credit, Investments and the Macroeconomy

Hardcover

Economics

ISBN10: 0521584116
ISBN13: 9780521584111
Publisher: Cambridge University Press
Published: Jan 22 1998
Pages: 232
Weight: 1.13
Height: 0.69 Width: 6.00 Depth: 9.00
Language: English
This book relates the literatures of finance, industrial economics and investment to the theoretical framework of the credit view. First, banks' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Second, securities and bank credit are highly imperfect substitutes. The interactions between real and financial sectors are analyzed from the point of view of the industrial firm, in a model where the investment and financial decisions of the firm are taken simultaneously.

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Economics