Financial Innovation and Monetary Policy

Abstract

Monetary control - theory, practice and financial change building society and bank developments 1970-1979 re-regulation, competition and innovation by building societies and banks 1980-1990 financial innovation and the monetary aggregates competition, mortgage lending and the money-income relationship financial innovation and the effectiveness of monetary control financial innovation, the demand for money, the demand for credit and the consumption function econometric evaluation econometric evaluation - the consumers' expenditure function the move to a new regime - concluding thoughts.

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