Showing 1 - 7 of 7
The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and …
Persistent link: https://www.econbiz.de/10010898561
a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic … economic concepts of the efficient market theory which believes that force of invisible hands keep the markets clear. Minsky …
Persistent link: https://www.econbiz.de/10010820974
L'arrivée de la crise économique en 2008, a obligé les entreprises à faire face à une situation inattendue. Les agences d'emploi sont directement touchées, étant donné la nature même de leur activité. Deux années plus tard, les entreprises espèrent enfin sortir de cette crise. Nous...
Persistent link: https://www.econbiz.de/10008793152
This short paper argues that rationally motivated coordination between agents is an important ingredient to understand the current economic crisis. We argue that changes in parameters that model the structure of a macro-economy or financial markets are not exogenous but arise as agents adopt...
Persistent link: https://www.econbiz.de/10008793758
The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...
Persistent link: https://www.econbiz.de/10008793906
Contrasting with the 1929 great crisis, authorities intervened forcefully in 2008 to stop the disintegration of the financial system. Governments and central banks then sought to revise the prudential regulation in depth. It would be optimistic, however, to believe that prudential measures,...
Persistent link: https://www.econbiz.de/10008794219
This paper explores the impact of Europe's existing institutional framework on the degree of macroeconomic disparity in the Eurozone. It draws son analysis of the costs of this framework as well as of the benefits of European economic and monetary unification. It also highlights how these costs...
Persistent link: https://www.econbiz.de/10010820641