Loansable Funds, Endogenous Money, and Minsky's Financial Fragility Hypothesis
This 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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|Date of creation:||1995|
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