Real bills doctrine

The real bills doctrine asserts that money should be issued in exchange for short-term real bills of adequate value. The doctrine was developed by practical bankers over centuries of experience, as a means for banks to stay solvent and profitable. Banks that follow the real bills rule will avoid (1) inflation, (2) maturity mismatching, and (3) speculative bubbles.

单词	Real bills doctrine
释义	Real bills doctrine 英语百科 Real bills doctrine The real bills doctrine asserts that money should be issued in exchange for short-term real bills of adequate value. The doctrine was developed by practical bankers over centuries of experience, as a means for banks to stay solvent and profitable. Banks that follow the real bills rule will avoid (1) inflation, (2) maturity mismatching, and (3) speculative bubbles.
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