In this paper the vision of the "Young" and "Elder" Lamfalussy on the origins of instability in capitalist economies … will be contrasted. The young Lamfalussy found the origins of instability in medium-term cumulative processes in the real …, in contrast to the virtuous growth processes of the German and Italian economies. The Elder Lamfalussy focused on …

In this paper the vision of the "Young" and "Elder" Lamfalussy on the origins of instability in capitalist economies … will be contrasted. The young Lamfalussy found the origins of instability in medium-term cumulative processes in the real …, in contrast to the virtuous growth processes of the German and Italian economies. The Elder Lamfalussy focused on …

international and European monetary system of Alexandre Lamfalussy, its first president. Lamfalussy pursued a threefold career: as a … private banker, a central banker and an academic. Partly under the influence of Robert Triffin, Lamfalussy soon became … union. The paper draws extensively on archival research in the Lamfalussy papers at the Bank for International Settlements …

that Alexandre Lamfalussy, who was at the BIS from 1976 to 1993, played a crucial role in shaping the Bank's approach to … financial stability. Lamfalussy is renowned for taking a broad macroeconomic view and for focusing on the systemically important … Lamfalussy's view, there is thus very much an overlap between the micro- and macro-prudential dimensions of financial stability …

Alexandre Lamfalussy has been highly influential in the process of European monetary and financial unification. In this … paper we will analyse the work of the "Young Lamfalussy" (from the mid 1950s to the mid 1960s). Lamfalussy started his … Keynesian tradition: Lamfalussy's analytical frameworks were often inspired by Keynesian models, in his analysis he emphasised …