Publications
Publications
- 2015
- HBS Working Paper Series
On the Increasing Centralization of US Money and Credit
By: Amar Bhidé
Abstract
My current work on the debt market liquidity (Bhidé 2015) and antecedent book (Bhidé 2010) critiques the de facto centralization of credit extension in the U.S. This essay examines how the increased centralization of credit maps into a decline in the decentralized production of money and the dysfunction this entails.
Keywords
Citation
Bhidé, Amar. "On the Increasing Centralization of US Money and Credit." Harvard Business School Working Paper, No. 21-022, June 2015.