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A Heterodox Economics Critique of Financial Liberalization

Author

Listed:
  • Correa Romar

    (Department of Economics, University of Mumbai, Vidyanagari, Mumbai 400 098, INDIA)

  • Rao D. Tripati

    (Business Environment Group, Indian Institute of Management Lucknow, Lucknow 226, 013- Uttar Pradesh, INDIA)

Abstract

We explore a short run structural macroeconomic model with a focus on “the problem of financing economic development“ (Kaleçki, 1976). It is demonstrated that banks, in contrast to nonbanks, have a unique role to play in the production and circulation of commodities in a monetary economy. A case is made for class-based policy.

Suggested Citation

  • Correa Romar & Rao D. Tripati, 2014. "A Heterodox Economics Critique of Financial Liberalization," Journal of Heterodox Economics, Sciendo, vol. 1(1), pages 79-99, June.
  • Handle: RePEc:vrs:joheec:v:1:y:2014:i:1:p:79-99:n:4
    DOI: 10.1515/jheec-2015-0004
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    References listed on IDEAS

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