Loansable Funds, Endogenous Money, and Minsky's Financial Fragility Hypothesis.

This paper points out that the concept of an endogenous credit-money supply was endorsed by Keynesian and anti-Keynesian scholars alike, past as well as present. The main purpose of the present paper is to show that the origins of many aspects of Minsky's financial fragility hypothesis can be found in an earlier algebraic model of his based on the loanable funds theory.

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Year of publication:	1995
Authors:	Lavoie, M
Subject:	LOANS \| CREDIT POLICY \| MONEY SUPPLY \| ECONOMIC MODELS

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Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; C52 - Model Evaluation and Testing ; E51 - Money Supply; Credit; Money Multipliers
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005661092