الفهرس | يوجد فقط 14 صفحة متاحة للعرض العام |
المستخلص The prevailing ideas among economists until the early seventies were that fiscal policy causes significant expansionary effects on the development of real aggregate output, and according to this view, an increase in the volume of government spending would contribute to an increase in economic growth rates, and these ideas were accompanied by the increasing call for state intervention. In economic activity to face the negative effects of the financial and monetary crises that struck the international economy, as well as the effects of wars In conjunction with the expansion of government intervention, their need for financial resources increased to cover their increasing development expenditures due to the shortcomings of their regular financial sources, which caused a continuous deficit in the general budget, which prompted countries to search for means that would contribute to feeding this deficit, and in order to ensure that they obtain these Resources locally, countries have tended to expand their administrative and legal relationship with central banks. In order to be able to influence the functions of these banks in a way that would facilitate their obtaining of loans and face the government deficit first, and the establishment of central banks in countries where there is no second central bank. However, this state interference in economic activity did not stop the state of economic decline |