EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
5th Edition
ISBN: 8220106799727
Author: Mishkin
Publisher: PEARSON
Question
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Chapter 11, Problem 8Q
To determine

Whether the below statement is true, false or uncertain. Explain the answer.

“If inflation had not risen in the 1960s and 1970s, the banking might be healthier today.’

Concept Introduction:

The interest-rate risk, falling stock market, increasing unemployment, oil prices, currency speculations, greedy businessmen and easy-money policies by the central bank were the important financial factors prevailing in the 1960s and 1970s that led to a period of high inflation.

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