IDEAS home Printed from https://ideas.repec.org/a/cvv/journ5/v4y2017i2p160-171.html

Financial Equilibrium in the Presence of Technological Change

Author

Listed:
  • Krzysztof WASNIEWSKI

    (Modrzewski Krak w University, Faculty of Management and Communication Sciences, Krak w, Poland.)

Abstract

This article explores the issue of observable instability in financial markets interpreted as a long-term process of adaptation to demand for money, which, in turn, is based on the expected depreciation of fixed assets. Exploration is based on verifying empirically the hypothesis that the velocity of money is significantly, negatively correlated with the pace of technological change. The purpose of exploration is to assess the well-founded of policies, which use financial and monetary tools, rather than the straightforwardly fiscal ones, to stimulate technological change. Empirical research suggests that aggregate depreciation of fixed assets is a significant factor inducing slower a circulation of money.

Suggested Citation

  • Krzysztof WASNIEWSKI, 2017. "Financial Equilibrium in the Presence of Technological Change," Journal of Economics Library, EconSciences Journals, vol. 4(2), pages 160-171, June.
    • Handle: RePEc:cvv:journ5:v:4:y:2017:i:2:p:160-171
    as

    Download full text from publisher

    File URL: http://econsciences.com/index.php/JEL/article/download/1294/1278
    Download Restriction: no
    File URL: http://econsciences.com/index.php/JEL/article/view/1294
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cvv:journ5:v:4:y:2017:i:2:p:160-171. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: https://journals.econsciences.com/index.php/JEL .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.