[fre] Cet article effectue une comparaison entre l'approche pré-keynésienne de la théorie du revenu et de l'emploi et la synthèse néo-classique, ainsi que l'approche monétariste (représentées respectivement par Pigou, Modigliani et Friedman). Sur la base de cette comparaison, on soutient...

The official regulatory responses to the current crisis do not alter the laissez faire approach to the production and allocation of financial risks which characterises the existing regulatory framework. The stated goal remains that of maintaining the freedom for the private sector to introduce...

The current financial and sovereign crisis is pushing European politicians and EU bureaucrats to devise new institutional and policy solutions. However, the new EU institutional framework and stricter regulatory requirements do not introduce significant changes in the laissez-faire nature of the...

The flaws of the Maastrict Treaty are a frequent object of commentary but, as yet, Europe remains unable—or, perhaps more accurately, unwilling—to address these flaws. The European project will remain unfinished and the ability of the European Central Bank to implement effective...

The paper offers a critical assessment of the financial reforms adopted or proposed at the European level. The reshaping of the EU institutional architecture and the adoption of the new Basel 3 rules should reduce the national margins of discretion that have up to now characterised supervisory...

The existing regulation and the changes that are currently proposed by the public authorities do not cope, in our opinion, with the endogenous fragilities created by the evolution of the financial systems in the last decades. Our proposal is intended to re-focus the system towards a sustainable...

Many people think that the European Union is about the creation of the single market. It is not. After hundreds of years of internal wars and millions of deaths, of tyrannies playing on nationalism and division, we tried to build a different, united Europe. Although they are extremely relevant,...

Following the financial fragility approach of H. Minsky and its later extension by J. Kregel, the paper addresses some basic aspects of the dynamics and management offoreign debt in the perspective of the emerging countries. Minsky's definitions of hedge, speculative and Ponzi positions are...

Placing Basel II in the perspective of the more general trend in financial regulation, the paper analyses its efficacy and efficiency as a device to foster financial resiliency. In assessing the criticisms levelled against the New Accord, special attention is devoted to the case of the emerging...

Placing Basel II in the perspective of the more general trend in financial regulation, the paper analyses its efficacy and efficiency as a device to foster financial resiliency. In assessing the criticisms levelled against the New Accord, special attention is devoted to the case of the emerging...