Showing 1 - 10 of 973,410
Persistent link: https://www.econbiz.de/10011345086
concept was central to Hyman P. Minsky's theory of financial instability, and suggest that his insights should be integrated …
Persistent link: https://www.econbiz.de/10009516740
Persistent link: https://www.econbiz.de/10010496975
At the heart of both the modern shadow banking system and the 19th century banking system described by Walter Bagehot is the wholesale money market, with the central bank providing a liquidity backstop. We characterize shadow banking as “money market funding of capital market lending” and...
Persistent link: https://www.econbiz.de/10013085360
Persistent link: https://www.econbiz.de/10011413682
Persistent link: https://www.econbiz.de/10012207569
Persistent link: https://www.econbiz.de/10012385243
Persistent link: https://www.econbiz.de/10011931327
, from the perspective of Austrian business cycle theory, interest rates were step by step decreased by central banks to … nihilo and the need of time to produce capital invalidates the IS identity assumed in the Keynesian theory to hold …
Persistent link: https://www.econbiz.de/10012124862