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availability theory of credit
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Facsimile of one of William Henry Ireland's forgeries, a primitive self-portrait of William Shakespeare(tinted engraving). Published for Samuel Ireland, Norfolk Street, Strand, December 1, 1795. (W.H. Ireland, forgery)
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availability theory of credit

economics

Learn about this topic in these articles:

role in government monetary policy

  • In government economic policy: Experience in selected countries

    This was the so-called availability theory of credit; it held that monetary policy had its effect on spending not only directly through interest rates but also by restricting the general availability of credit and liquid funds. It was argued that even rather small changes in the rate of interest…

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