Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/42321
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

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