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Inflation and Financial Systems

In: The Economics of High Inflation

Author

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  • Paul Beckerman

Abstract

There is an argument that financial systems can function and develop reasonably well despite high inflation, as long as rates of return are not “repressed”—that is, as long as rates are either market-determined or set by authorities aiming roughly to equilibrate supply of and demand for financial resources. In particular, “neo-liberal” analysts argue that financial rates must be permitted to exceed the inflation rate, to stimulate saving and to allocate credit to genuinely profitable uses.1

Suggested Citation

  • Paul Beckerman, 1992. "Inflation and Financial Systems," Palgrave Macmillan Books, in: The Economics of High Inflation, chapter 5, pages 68-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21713-7_5
    DOI: 10.1007/978-1-349-21713-7_5
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