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out most of the economic theory that explains this natural tendency for markets to propagate financial fragility: Joseph … mounting moral hazard. The emergence of a behavioral finance literature has provided empirical support to the theory of …
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Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future...
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or fundamentalist Keynesianism’ which elaborated Keynes’s monetary theory of production into an alternative economic …
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