Warianty tytułu
The Principle of a Positive Interest Rate under Conditions of High Inflation
Języki publikacji
Abstrakty
The article is a continuation of theoretical investigation by author the results of which have been previously published in this journal. They have been concerned with the effects of the doctrine of high interest rate on the mechanism of credit repayments and the financial performance of banks. Under conditions of a high inflation, prevailing in Poland for several years, that doctrine tends the burden the borrower with a high cost of debt servicing in the initial period of repayments and to distort the real flows of money between the borrowers and the banking system. The method now in practice should be replaced by one of revaluing the capital and charging a real interest rate instead of the nominal rate used so far. With such an approach it would be easier to combat inflation. (original abstract)
Twórcy
autor
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171281829