The paper is focused on asset-liability management in banks and on possible outcomes of implementation Basel III standard. We argue that an effective asset-liability management decreases regulation costs

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 /...

In the wake of the global change of a new accumulation regime in major capitalist economies, the opening up and liberalisation process of emerging economies from the 1980s has provoked great expectations that resulted in recurrent disappointing crises. Studied as a stylized fact, the Turkish...

Financial development is usually assumed to play a key role in the evolution of modern capitalism. A substantial strand of the academic literature, referring to Schumpeterian Creative Destruction, points out this role in the process of technology-based growth and puts the emphasis on the...

The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and policy. The first challenge is the rise of unemployment notwithstanding growing imbalances of budget deficits. The second is the monetary and financial instability threatening...

Cet article questionne le rôle et la place de la monnaie dans le processus de coordination dans une économie de marché décentralisée. Les modèles d'équilibre, qui supposent la coordination réalisée à partir des mécanismes de marché, qualifiés de réels et individuels, rencontrent...

This article maintains that capitalist market economies have a threefold composite characteristic (the central role of money and financial relations, the crucial role of institutional patterns, and the macro nature of stability and viability concerns) that makes social control a consistent way...