Loansable Funds, Endogenous Money, and Minsky's Financial Fragility Hypothesis
AbstractThis paper points out that the concept of an endogenous credit-money supply was endorsed by Keynesian and anti-Keynesian scholars alike, past as well as present. The main purpose of the present paper is to show that the origins of many aspects of Minsky's financial fragility hypothesis can be found in an earlier algebraic model of his based on the loanable funds theory.
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Bibliographic InfoPaper provided by University of Ottawa, Department of Economics in its series Working Papers with number 95011e.
Length: 19 pages
Date of creation: 1995
Date of revision:
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More information through EDIRC
LOANS; CREDIT POLICY; MONEY SUPPLY; ECONOMIC MODELS;
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
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- Greg Hannsgen, 2005.
"Minsky's acceleration channel and the role of money,"
Journal of Post Keynesian Economics,
M.E. Sharpe, Inc., vol. 27(3), pages 471-489, April.
- Greg Hannsgen, 2003. "Minsky's Acceleration Channel and the Role of Money," Macroeconomics 0308003, EconWPA.
- Greg Hannsgen, 2003. "Minsky's Acceleration Channel and the Role of Money," Economics Working Paper Archive wp_384, Levy Economics Institute, The.
- Eugenio Caverzasi, 2013. "The Missing Macro Link," Economics Working Paper Archive wp_753, Levy Economics Institute, The.
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