株式会社極東書店トップ ＞ 商品一覧 ＞ The High Price of Money. An Interpretation of World Interest Rates. With an essay on 'The Main Trends of Real Interest Rates (1960--1994)' by A. Levy and F. Panetta..
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The High Price of Money. An Interpretation of World Interest Rates. With an essay on 'The Main Trends of Real Interest Rates (1960--1994)' by A. Levy and F. Panetta.. 国際的金利の解釈
・ISBN 978-0-19-828949-4 hard GB£ 47.50
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| 著者・編者 | Ciocca, P. / G. Nardozzi, |
|---|---|
| 出版社 | (Oxford U. Pr., UK) |
| 出版年月 | 1996 |
| ページ数 | 192 pp. |
| 言語 | ENG |
| ニュース番号 | ＜422-275＞ |
解説
The argument of this monograph is that, contrary to prevailing opinion, high interest rates are not a fact of economic life. The authors argue that this is a conventional assumption rooted in the expectations of financial markets. World economic evidence from the last 20 years indicates that conscious policies are, in fact, capable of altering interest rates in the short term, without heavy costs. Such policies must be devised and pursued if we are to come out of recession.