Article ID Journal Published Year Pages File Type
7345772 Economía UNAM 2017 21 Pages PDF
Abstract
The monetary circuit theory is a relevant theoretical framework to discuss the mobilization of final resources for production and economic growth, especially if explicitly is included profit recirculation to the economy. In this work is discussed critically the monetary circuit theory and is applied to developing economies. We want to show that bank credits are related to the wage bill, while investment spending is linked to financial non-banking instruments. In addition, we want to show that financial depth although amplified the financial circuit did not increased finance for investment spending or production.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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