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The Flow of Funds in Theory and Practice: A Flow-Constrained Approach to Monetary Theory and Policy - Financial and Monetary Policy Studies J. Cohen 1987 edition
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The Flow of Funds in Theory and Practice: A Flow-Constrained Approach to Monetary Theory and Policy - Financial and Monetary Policy Studies
J. Cohen
Each decision by economic agents is seen as two-ended in terms of markets: one market supplies the source of funds and the second market absorbs these funds. Credit markets, and the bank credit market in particular, become the source of disturbance in the theoretical model, but the necessary involve ment of the money market is also stressed.
343 pages, biography
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