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El yin y el yang de las finanzas

Author

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  • Julián Sánchez González

    (Universidad Autónoma de Madrid)

Abstract

The essence of the capital resides in its capacity of performance lengthways in the time. In this study, we have considered the financing capitalism from a new perspective that we wish to be also a valid and promising one. In this perspective, the way in which economy¿s debt and credit develop through the time, is directly connected with the quality of the financing structure of the payments of the debt and with the incomings that cover them. All this is linked to the fragility or to the robustness of the said structure of inter-temporaries flows of money. The theory that we propose about the determinants of the indebtedness¿s level of economy, will lead us to a reflection of a chief political interest about the ordinary questions, such as the question why it is required more or minus debt in financing the same volume of cost? What can explain the debt increasing? Which is the force with which it acts? And why can problems rise in its amortization?

Suggested Citation

  • Julián Sánchez González, 2004. "El yin y el yang de las finanzas," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 57(03), pages 276-295.
  • Handle: RePEc:ekz:ekonoz:2004313
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    More about this item

    Keywords

    capital; deuda externa; financiación externa; fragilidad financiera;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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