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Capital Flows and Financial Crises

by Joseph Joyce Capital Flows and Financial Crises The impact of capital flows on the incidence of financial crises has been recognized since the Asian crisis of 1997-98. Inflows before…

The Money Confusion

…in all financial assets. It seems to me that economists’ failure to make that conceptual distinction between money and financial assets makes it impossible to discuss the economics of a…

Discussing a Quotation

…markets. The financial sector is assumed. Different financial possibilities are not allowed. Cocrane’s argument against restrictions on new financial instruments is based on the assumption that markets are complete. Such…