The idea that credit is important has gained importance in the contemporary macroeconomic theory. However, almost all … restrictions and financial crisis based on postkeynesian theory. In this context, credit rationalization appears as a natural … differentiate between the monetary and the real economy in the long run. This paper proposes a relationship between credit …

English Abstract: One remarkable aspect of modern heterodox theory is the detachment between demand-led growth models … and endogenous money theories. This paper suggests a possible integration of the Keynesian theory of the multiplier (and … Monetary Circuit Theory (TCM), the paper is a contribution towards reconciling the preoccupation of this theory with initial …

porque episodios de Credit Crunch afectan al sector real (se amplifica el ciclo económico a la baja). Las metodologías … productive credit the sectoral growth is 0.15pp in 2016. Likewise, the modification of the reserve requirement rate can provide … legal reserve requirement on sectoral growth in Bolivia, which was offset by the financial cycle because episodes of Credit …

, although the measures adopted by national and international authorities eased access to credit under favourable conditions …