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A Financial Theory of the Business Cycle: Net Present Value and Fractional Reserve Banking

A Financial Theory of the Business Cycle: Net Present Value and Fractional Reserve Banking

Hardcover

Series: Routledge Frontiers of Political Economy

Economics

ISBN10: 1032867590
ISBN13: 9781032867595
Publisher: Routledge
Published: Feb 17 2025
Pages: 210
Weight: 1.07
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English

A Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.

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Fuller, Edward W.

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Economics