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Title: | The money supply process in two small island states : Malta and Cyprus, 1960-1993 |
Other Titles: | Banking and finance in islands and small states |
Authors: | Falzon, Joe |
Keywords: | Malta -- Economic conditions Cyprus -- Economic conditions Money supply -- Malta Money supply -- Cyprus Banks and banking -- Malta Banks and banking -- Cyprus |
Issue Date: | 1998 |
Publisher: | Pinter |
Citation: | Falzon, J. (1998). The money supply process in two small island states: Malta and Cyprus, 1960-1993. In M. Bowe, L. Briguglio, & J.W. Dean (Eds.), Banking and finance in islands and small states (pp. 225-246). London: Pinter. |
Abstract: | The money supply process is of considerable importance in the economy because of the close relationship between changes in the money supply and changes in real output. Friedman and Schwartz (1963), in their celebrated study of the monetary history of the United States, showed that there exists a positive correlation between the money supply and real output: increases in the total stock of money occurred during expansions, while decreases were witnessed during recessions. |
URI: | https://www.um.edu.mt/library/oar//handle/123456789/42321 |
ISBN: | 1855674890 |
Appears in Collections: | Banking and finance in islands and small states |
Files in This Item:
File | Description | Size | Format | |
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The_money_supply_process_in_two_small_island_states.pdf Restricted Access | 17.84 MB | Adobe PDF | View/Open Request a copy |
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