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- W2376341728 abstract "Beneficial money supply will benefit economic growth which would be defined as the positive monetary responsibility. While being continuously lured and invested into certain industies with higher earning rates,hazardous money supply,resulting in excess capacity and furtherGrowth with Recession,shows the evidence of negative monetary responsibility. Therefore,being aware of the responsibility of money is the precondition for its better use to improve economic growth. Inevitably,as the outcome of social relation of production,money has to take its corresponding social responsibility. First of all,cental bank should guide and govern money supply to realizing the readjustment of industrial structure and preventingGrowth with Recessionfrom excess capacity. Secondly,the loaning policy of commercial banks should avoid being trapped into those industries with higher- but- short- term earning rate. Otherwise,it could lead to a false booming of credit. Thirdly,rational investing for the public is the very basis of both reaping stable equity earnings and maintaining the function of financial market and monetary system." @default.
- W2376341728 created "2016-06-24" @default.
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- W2376341728 date "2013-01-01" @default.
- W2376341728 modified "2023-09-24" @default.
- W2376341728 title "Monetary Responsibility: The Formation and Governance of “Growth with Recession”" @default.
- W2376341728 hasPublicationYear "2013" @default.
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