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Du côté de l'offre de monnaie

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  • Pierre Villa

    (LG - Laboratoire des Glucides - UPJV - Université de Picardie Jules Verne - INC-CNRS - Institut de Chimie - CNRS Chimie - CNRS - Centre National de la Recherche Scientifique)

  • Henri Sterdyniak

Abstract

This article analyses the treatment of the supply of money in the French models. It presents the ? credit availability thesis ? which places emphasis on credit rationing and its impact on investment. It discusses the theories of Brunner and Meltzer and their applications to France (adjusted monetary base, money definition, money and credit multipliers and the interaction between the various asset counterparts of money and the base). It presents the various models, based on Brunner and Meltzer, which separately analyse the credit and the money markets in France. It discusses the links between these two markets, and the specific role of money among financial assets.

Suggested Citation

  • Pierre Villa & Henri Sterdyniak, 1977. "Du côté de l'offre de monnaie," Post-Print hal-03399444, HAL.
    • Handle: RePEc:hal:journl:hal-03399444
    as

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    References listed on IDEAS

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    1. Karl Brunner, 1973. "A Diagrammatic Exposition of the Money Supply Process," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 109(IV), pages 481-533, December.
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