Theoretical Link between the Economic and Financial Crises in Evolution
AbstractThere are arguments, that the theory of financial instability and financial crises has failed to explain why the price and quantity assessment are the most important tools in generating a permanent surplus in the demand for loans and the changes in the level of extended loans; how much the macroeconomic volatility is identified with the financial fluctuations; what is the impact of the monetary policy and whether it is possible to be used for stabilizing the financial systems and the aggregate production; whether the International Monetary Fund could act as a global lender of last resort in order to stabilize the world finances.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.
Volume (Year): (2011)
Issue (Month): 4 ()
Find related papers by JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
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