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A New Look at the Relationship of Real Balances to Income, Interest Rates, and Inflation in Greece — A Note

A New Look at the Relationship of Real Balances to Income, Interest Rates, and Inflation in Greece — A Note
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Year:    1990

Author:    Voridis, Hercules

Credit and Capital Markets – Kredit und Kapital, Vol. 23 (1990), Iss. 2 : pp. 196–203

Abstract

A New Look at the Relationship of Real Balances to Income, Interest Rates, and Inflation in Greece — A Note

A positive relationship is detected, (Greece 1961 – 1985), between the volume of broad monetary aggregates and the real deposit rate. Thus, an important link can be traced in the Greek macroeconomy: Deflation and/or increases in administered interest rates augment the resources of banks, hence enable an expansion of credit constrained investment expenditures.

Journal Article Details

Publisher Name:    Global Science Press

Language:    Multiple languages

DOI:    https://doi.org/10.3790/ccm.23.2.196

Credit and Capital Markets – Kredit und Kapital, Vol. 23 (1990), Iss. 2 : pp. 196–203

Published online:    1990-02

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    8

Author Details

Voridis, Hercules

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Section Title Page Action Price
Hercules Voridis: A New Look at the Relationship\rof Real Balances to Income, Interest Rates,\rand Inflation in Greece — A Note 196
I. Introduction 196
II. Estimation 197
III. Conclusions 200
References 201
Zusammenfassung: Eine neue Überprüfung der Beziehung von Realkasse zu Einkommen, Zinssätzen und Inflation in Griechenland — Ein Kurzbeitrag 203
Summary: A New Look at the Relationship of Real Balances to Income, Interest Rates, and Inflation in Greece — A Note 203
Résumé: Une nouvelle vue de la relation entre les balances réelles et le revenu, les taux d'intérêt et l'inflation en Grèce — Une remarque 203