Essays about: "Convertibility principle"

Found 1 essay containing the words Convertibility principle.

  1. 1. Today's Credit Market - How to Avoid a House of Cards? : Austrian Full Reserves and the Chicago Plan as Alternatives to the Current Fractional Reserves

    University essay from Södertörns högskola/Nationalekonomi

    Author : Julia Eriksson; Julia Jordeby; [2017]
    Keywords : Full reserves; Austrian business cycle theory; the Chicago Plan; Household debt; Convertibility principle; Quantity principle; Hundraprocentiga reserver; Österrikisk konjunkturcykelteori; Chicagoplanen; Hushållens skuldsättning; Konvertibilitet; Kvantitetskontroll;

    Abstract : Today’s household debt consists for the most part of credit money, and this general phenomenon does not only occur in Sweden. Money in the economy is mostly created by private banks, as much as 97 percent of the money in the United States, while central banks only create a very small share of all money. READ MORE