The aim of this paper is to provide a theoretical analysis of the role of social conventions as emergent phenomena in financial markets, the latter being thought of as dynamically complex systems. Combining complexity and reflexivity with Keynes’s view of financial markets, we develop a...

There has recently been a marked increase in concern of debt deflation worries particularly in the euro zone. This is the second time in the past recent years that widespread interest about this relevant economic phenomenon has come to the fore, the first being during and in the aftermath of the...

There has recently been a marked increase in concern of debt deflation worries particularly in the euro zone. This is the second time in the past recent years that widespread interest about this relevant economic phenomenon has come to the fore, the first being during and in the aftermath of the...

The storm that has rocked our world has opened an interesting debate among economists and policy makers concerning with the need of a new international monetary and financial architecture. The monetary and financial regime that has been in force since the collapse of Bretton Woods (B-W),...