Central Bank of Nigeria Library

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The high price of money : an interpretation of world interest rates /

By: Contributor(s): Material type: TextTextPublication details: Oxford [England] : Clarendon Press ; New York : Oxford University Press, c1996.Description: x, 192 pISBN:
  • 0198289499
  • 9780198289494
Contained works:
  • Levy, Aviram
Subject(s): DDC classification:
  • 332.8 CIO
LOC classification:
  • HB539 .C5613 1996
Online resources: Summary: The argument of this accessible 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 twenty 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.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.8 CIO (Browse shelf(Opens below)) Available 31008100041652

"This English edition contains a new chapter (Chapter 7)--Preamble.

Includes bibliographical references.

The argument of this accessible 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 twenty 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.

gau 04/08/2016

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