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Notre analyse de la coordination inter-individuelle dans la controverse Hayek-Keynes nous permet de distinguer deux … types de problème de coordination. Le problème de coordination au sens de Hayek est temporaire. Il est la conséquence de …. Le problème de coordination au sens de Keynes est permanent. Il est le résultat endogène des interactions entre les …
Persistent link: https://www.econbiz.de/10004985453
Persistent link: https://www.econbiz.de/10011082664
out while accumulated foreign debts need to be financed from increased exports? Keynes and Ohlin, primarily, debated an …
Persistent link: https://www.econbiz.de/10012311514
In neoclassical thinking, insufficient development is considered the result of a lack of resources, and an inefficient allocation. Deregulated markets have to guarantee a better allocation of resources as well as a net resource inflow to augment the domestic physical capital stock. From a...
Persistent link: https://www.econbiz.de/10014363083
Crisis clearly distinguishes itself from the large mass of economic phenomena through its provocative force, which fuels theoretical discourse. The more harmful, the more generous the energies it deploys and consumes for explanatory and obstacle overcoming purposes. The result is that every...
Persistent link: https://www.econbiz.de/10008541577
In neoclassical thinking, insufficient development is considered the result of a lack of resources, and an inefficient allocation. Deregulated markets have to guarantee a better allocation of resources as well as a net resource inflow to augment the domestic physical capital stock. From a...
Persistent link: https://www.econbiz.de/10011133408
of commercial banks' demands for the reserves required to satisfy the demand for bank loans. Keynes's version, based on …, as it is shown in the paper. In fact, the first and most important contrasting concept in Keynes's approach in comparison … to Kaldor's is the notion of liquidity. Keynes proposes a hierarchical view of liquidity, while Kaldor views liquidity as …
Persistent link: https://www.econbiz.de/10011133447
This paper reviews the key insights of Hyman P. Minsky in arguing why finance cannot be left to free markets, drawing on the East Asian development experience. The paper suggests that Minsky's more complete stock-flow consistent analytical framework, by putting finance at the center of analysis...
Persistent link: https://www.econbiz.de/10010286495
This paper studies distributional consequences of equity injections that arefunded with financial-sector levies. In the model economy, financial intermediationsupports both productive investment and individual consumption smoothing,subject to an equity requirement. When intermediary equity is...
Persistent link: https://www.econbiz.de/10012856522
A stylized macroeconomic model is developed with an indebted, heterogeneous Investment Banking Sector funded by borrowing from a retail banking sector. The government guarantees retail deposits. Investment banks choose how risky their activities should be. We find that the financial sector can...
Persistent link: https://www.econbiz.de/10010883461