Some Monetary and Financial Aspects of the Disinflation Process

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Year: 1985

Publisher Name: Global Science Press

Language: Multiple languages

DOI: https://doi.org/10.3790/schm.105.2-3.133

Published online: 1985-02

AMS Subject Headings: Duncker & Humblot

Pages: 21

Boissieu, Christian de

Section Title	Page	Action	Price
Christian de Boissieu: Some Monetary and Financial Aspects\rof the Disinflation Process	133
1. Disinflation and the Liquidity of the Economy	134
1.1. The liquidity squeeze	134
1.2. The velocity of money and the disinflation process	138
2. Disinflation and Real Interest Rates	142
3. Disinflation and Financial Innovation	145
3.1. Disinflation and the pace of financial innovation	145
3.2. Disinflation and the nature of financial innovation	146
4. Disinflation and Indebtedness	148
4.1. Disinflation and financial crises	148
4.2. The sensitivity of the debt burden to the inflation path	149
4.3. Transfers between creditors and debtors	151
Summary	152
Zusammenfassung	152
References	152

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