The dynamic inefficiency of financial capitalism
We show that the interest rate cannot both coordinate the savings plans of borrowers and lenders and equal the marginal product of capital.
Year of publication: |
2009
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Authors: | Correa, Amelia ; Correa, Romar ; Rao, D. Tripati ; Tavares, Graciella |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 7, p. 755-757
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Publisher: |
Taylor & Francis Journals |
Saved in:
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