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literature on money. The approach taken here is integrated with Hyman Minsky's (1986) work (which relies heavily on the work of …-Italian circuit approach; Paul Davidson's (1978) interpretation of John Maynard Keynes, which relies on uncertainty; Wynne Godley …
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international origin and suggest the need for international cohesion between emerging economies to create a more conducive …
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This paper presents a model addressing the conditions under which financial instability arises in the event of household debt. The model addresses two main cases. First, household debt is affected by functional income distribution. Second, household debt is affected by credit supply and depends...
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works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …
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