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Loanable funds : ウィキペディア英語版
Loanable funds
In economics, the loanable funds doctrine is a theory of the market interest rate. According to this approach, the interest rate is determined by the demand for and supply of loanable funds. The term ''loanable funds'' includes all forms of credit, such as loans, bonds, or savings deposits.
== History ==
The loanable funds doctrine was formulated in the 1930s by British economist Dennis Robertson〔Robertson, D. H. (1934) Industrial Fluctuation and the Natural Rate of Interest. ''The Economic Journal'', vol. 44, pp. 650-656〕 and Swedish economist Bertil Ohlin.〔Ohlin, B. (1937) Some Notes on the Stockholm Theory of Savings and Investment II. ''The Economic Journal'', vol. 47, pp. 221-240.〕 However, Ohlin attributed its origin to Swedish economist Knut Wicksell〔Wicksell, K. (1898) ''Geldzins und Güterpreise.'' Jena: Gustav Fischer.〕 and the so-called ''Stockholm school'', which included economists Erik Lindahl and Gunnar Myrdal.〔Ohlin, B. (1937) Some Notes on the Stockholm Theory of Savings and Investment I. ''The Economic Journal'', vol. 47, pp. 53-69.〕

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