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Preface / James K. Galbraith -- Introduction: financial development : the sword of damocles hanging over the process of economic development / Faruk Ülgen -- Financial liberalization, crises and policy implications / Philip Arestis -- Global financing: a bad medicine for developing countries /...
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This article is a theoretical and conceptual exploration into the study of the dynamics of financial innovations and their consequences in market economies. Drawing upon the works of Schumpeter and Minsky in an institutionalist and evolutionary tradition, the article puts forward the monetary...
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