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Persistent link: https://www.econbiz.de/10010318671
Before we can reform the financial system, we need to understand what banks do; or, better, what banks should do. This … will conclude with general recommendations for reform along Minskyan lines. …
Persistent link: https://www.econbiz.de/10010286489
government launched an unprecedented marketization reform in 2015 to deregulate the electricity price. This paper examines the … impact of the electricity price deregulation in the industry level. We first construct two-stage dynamic game models by … prices which influence the impact of electricity price deregulation. Next, we collect empirical data to estimate the …
Persistent link: https://www.econbiz.de/10011957009
The traditional dichotomy of paid versus unpaid work has a tendency to marginalise unpaid work when we attempt to conceptualise precariousness, leading to our perception that it involves exposure to the unpredictability of an individual's future. A new theoretical and empirical perspective is...
Persistent link: https://www.econbiz.de/10014565833
a "deregulation shock" is associated with an accumulation of foreign assets unless the production of nontraded goods is … very capital-intensive. We then investigate whether a measure of domestic deregulation does, in fact, help to explain …
Persistent link: https://www.econbiz.de/10011430037
ideology and deregulation. From this crisis a new democratic capitalist system will emerge, though its character is difficult …
Persistent link: https://www.econbiz.de/10010281712
Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic systems at both the macro and micro levels. Its principal impacts are...
Persistent link: https://www.econbiz.de/10010266625
We argue that China's rising shadow banking was inextricably linked to potential balancesheet risks in the banking system. We substantiate this argument with three didactic findings: (1) commercial banks in general were prone to engage in channeling risky entrusted loans; (2) shadow banking...
Persistent link: https://www.econbiz.de/10011776811
This paper examines the emerging challenges to the art of monetary policymaking using the case study of the Reserve Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper uses Hyman P. Minsky's financial instability hypothesis as...
Persistent link: https://www.econbiz.de/10010513058
For Matías Vernengo and Esteban Pérez Caldentey (2020), the MMT literature overemphasizes the choice of the exchange rate regime and the relevance of a flexible exchange rate regime, as well as the ultimate effect of that choice upon the policy space. In addition, they argue that the role of...
Persistent link: https://www.econbiz.de/10014581843