AGRICULTURAL FINANCE AND INFLATION: AN EXAMINATION OF ALTERNATIVE METHODS WITH REFERENCE TO BRITISH EXPERIENCE
研究了通货膨胀如何通过提高名义利率导致传统贷款偿债困难，并考察了价格水平调整抵押贷款、银行透支和租赁作为替代融资方式的效果，基于英国1970年代经验。
Increased inflation has the effect of increasing nominal interest rates which in turn cause problems in servicing debts in the form of conventional loans. Price‐level‐adjusted mortgages (PLAMs) have been recommended as a means of avoiding debt servicing difficulties associated with inflation. Bank overdrafts can act as effective substitutes for PLAMs and have some tax advantages. Leasing also provides an alternative way of avoiding cash flow problems associated with conventional term loans. Experience in the 1970s demonstrated that the provision of external finance to agriculture was maintained during a period of inflation although the balance of borrowing shifted from term loans to overdrafts.