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Macroeconomic Policy and Asset Markets
Economic and Political Weekly
Vol. 36, No. 4, Money, Banking & Finance (Jan. 27 - Feb. 2, 2001), pp. 347-349
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4410233
Page Count: 3
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Bank-based and stock market-based systems are compared from the viewpoint of macroeconomic policy. The author suggests that the former has desirable properties with reference to the objective of increasing output and employment.
Economic and Political Weekly © 2001 Economic and Political Weekly