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Varying the Money Supply of Commercial Banks

  • Shubik M
  • Smith E
DOI: 10.1007/978-3-319-16118-1_36
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Abstract

… independent demands for money but when … demand for money arising from an opportunity for risky innovation of its production function. An idealized, profitless central bank can decouple the sectors, but for-profit commercial banks inherently propagate shocks in money demand …

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APA

Shubik, M., & Smith, E. (2015). Varying the Money Supply of Commercial Banks (pp. 643–699). https://doi.org/10.1007/978-3-319-16118-1_36

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