Showing 1 - 10 of 43
The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and policy. The first challenge is the rise of unemployment notwithstanding growing imbalances of budget deficits. The second is the monetary and financial instability threatening...
Persistent link: https://www.econbiz.de/10010898561
The 2007 financial crises has brought to eminence and a long overdue recognition to the ideas of Hyman P. Minsky who is a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic fluctuations and recurring instability of the financial system...
Persistent link: https://www.econbiz.de/10010820974
This paper explores the impact of Europe's existing institutional framework on the degree of macroeconomic disparity in the Eurozone. It draws son analysis of the costs of this framework as well as of the benefits of European economic and monetary unification. It also highlights how these costs...
Persistent link: https://www.econbiz.de/10010820641
L'arrivée de la crise économique en 2008, a obligé les entreprises à faire face à une situation inattendue. Les agences d'emploi sont directement touchées, étant donné la nature même de leur activité. Deux années plus tard, les entreprises espèrent enfin sortir de cette crise. Nous...
Persistent link: https://www.econbiz.de/10008793152
This short paper argues that rationally motivated coordination between agents is an important ingredient to understand the current economic crisis. We argue that changes in parameters that model the structure of a macro-economy or financial markets are not exogenous but arise as agents adopt...
Persistent link: https://www.econbiz.de/10008793758
The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...
Persistent link: https://www.econbiz.de/10008793906
Contrasting with the 1929 great crisis, authorities intervened forcefully in 2008 to stop the disintegration of the financial system. Governments and central banks then sought to revise the prudential regulation in depth. It would be optimistic, however, to believe that prudential measures,...
Persistent link: https://www.econbiz.de/10008794219
This work represent a very brief and complex (on the same time) presentation of the actual situation in some Balkan countries - especially Serbia, on their way to the European Union (EU). The aim is to present clearly the "European conditions" necessary to be fulfilled by candidate and potential...
Persistent link: https://www.econbiz.de/10010936651
This paper is the first attempt to formalize a new field of economics; studding the Intangibles Goods available on the … network application and we expect many shared benefits for the whole economics development. …
Persistent link: https://www.econbiz.de/10010899295
Several articles on the misuse of mathematics in economics have already appeared in this journal. They all denounce … this excess and list numerous weaknesses of liberal economics and theoretical economics that are due to, or at least … related to, too much math. My thesis is that economics adds its own particular difficulties to these issues (because of its …
Persistent link: https://www.econbiz.de/10010692163