search query: @indexterm INTERMEDIATE TECHNOLOGY / total: 12
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| Author: | Bossone, B. |
| Title: | Circuit theory of banking and finance |
| Journal: | Journal of Banking and Finance
2001 : MAY, VOL. 25:5, p. 857-890 |
| Index terms: | Banking Monetary theory Intermediate technology Investments Savings |
| Language: | eng |
| Abstract: | Drawing on monetary circuit theory, this study develops an approach to analyze the integrated functions of banking and finance in a monetary production economy. The study proposes a micro-founded, circuit-sequenced model of a decentralized- decisions economy, where production exchange, and investment from households and firms are integrated through money creation and funds allocation operated, respectively, by banks and non-bank financial intermediaries. |
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