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20092022
most citedDoes GDP measure growth in the economy or simply growth in the money supply?

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q-fin.GN2013★ 1 cited

An examination of the effect on the Icelandic Banking System of Verðtryggð Lán (Indexed-Linked Loans)

Jacky Mallett

In 1979 following a decade of hyperinflation, Iceland introduced Verðtryggð lán, negatively amortised, index-linked loans whose outstanding principal is increased by the rate of th…