IDEAS home Printed from https://ideas.repec.org/a/mes/chinec/v23y1990i3p75-90.html
   My bibliography  Save this article

On Money Supply in the Course of Economic Development The So-called Loss of Control over Money in 1984

Author

Listed:
  • Sheng Hong
  • Zou Gang

Abstract

The yardstick for assessing whether money supply is appropriate is not the size of the increase in money supply as compared with that of the preceding year, but the real demand of society for money. In developed commodity economies, almost the entire economy of society falls within the domain of the commodity economy, and the increase of products and services is equal to that of commodities. Therefore, based on the hypothesis that the supply and demand of money was balanced in the previous year and that there were no changes in prices or the velocity of money, monetarists put forward a principle of money supply: The increase rate of money supply should be identical to the growth rate of the economy.

Suggested Citation

  • Sheng Hong & Zou Gang, 1990. "On Money Supply in the Course of Economic Development The So-called Loss of Control over Money in 1984," Chinese Economy, Taylor & Francis Journals, vol. 23(3), pages 75-90, April.
    • Handle: RePEc:mes:chinec:v:23:y:1990:i:3:p:75-90
    as

    Download full text from publisher

    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=L0223NQ0QN03M861
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:23:y:1990:i:3:p:75-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MCES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.