Date of Original Version

11-1960

Type

Article

Abstract or Description

IN the continuing debate about the role of money, credit, and monetary policy in our society, one of the major issues centers around the specific incidence of "tight money" on individual business firms. On the one hand, leading proponents of monetary controls as a regulatory device have emphasized the general, impersonal nature of such controls. They have argued that the impact of monetary policy is determined by the reaction of individual borrowers to changed market conditions.

Share

COinS
 

Published In

The Review of Economics and Statistics , 42, 4, 429-437.