The unintended consequences of easy money: How access to finance impedes entrepreneurship

• Published in: The Review of Austrian economics Vol. 29; no. 3; pp. 233 - 252
• Main Author: Evans, Anthony J.
• Format: Journal Article
• Language: English
• Published: New York Springer US 01.09.2016; Springer Nature B.V
• Subjects: Adverse selection; Area planning & development; Budget deficits; Business cycles; Economic crisis; Economic growth; Economic policy; Economic theory; Economics; Economics and Finance; Entrepreneurs; Entrepreneurship; History of Economic Thought/Methodology; Interest rates; Macroeconomics; Monetary policy; Moral hazard; Political Science; Public Finance; Public policy; Recessions; Small & medium sized enterprises-SME; Studies; Regions; EIF; Austrian school; Entrepreneurship; SMEs

This paper investigates the manner in which economic policy promotes entrepreneurship, and how this relates to the monetary sources of the business cycle. Whilst access to finance is commonly seen as a crucial means to generate economic growth, efforts to expand the money supply beyond the stock of...