頁籤選單縮合
題名 | Derivatives, Money and Real Growth= |
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作者 | Savona, Paolo; |
期刊 | 金融風險管理季刊 |
出版日期 | 20071200 |
卷期 | 3:4 2007.12[民96.12] |
頁次 | 頁105-120 |
分類號 | 562.1 |
語文 | eng |
關鍵詞 | Derivatives market; Monetary policy; Capital accumulation; |
英文摘要 | This paper analyzes the derivatives market from the point of view of the effects it exerts on the definition of money and the efficacy of monetary policy. An hypothesis is also put forward on the role played in the capital accumulation. Empirical evidence is provided which does not reject the hypothesis that derivatives function as the speculative demand for money, contributing to determine interest rates and, in this way, influencing real and financial investment decisions according to the paradigm proposed by Tobin. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。