CLOSE RELATIONS ON THE FINANCIAL MARKETS AND IRREDUCIBLE UNSTABLE ECONOMIC PERFORMANCES
CLOSE RELATIONS ON THE FINANCIAL MARKETS AND IRREDUCIBLE UNSTABLE ECONOMIC PERFORMANCES
Author(s): Alexandru Olteanu, Mădălina Antoaneta RădoiSubject(s): Economy
Published by: Universitatea Nicolae Titulescu
Keywords: Neoclassical financial market; neoclassical general equilibrium model; basic Walrasian model; strong-form and semi-strong financial market efficiency; capital markets general equilibrium model; marginal efficiency of capital
Summary/Abstract: The evolution of the market development of any kind registered an overlapping and conditioning of financial markets and economic performances, reinforcing, after the 80’s, the connections between the financial system and industrial economy in relation to the age of conglomerates. Although the financial system uses its assumed functions of not being responsible for the cyclic instability of the economies, which has a negative influence over the average rate of economic growth over long periods, macroeconomic analyses reflect the financial origins of cyclic instability.
Journal: LESIJ - Lex ET Scientia International Journal
- Issue Year: XVIII/2011
- Issue No: 2
- Page Range: 181-190
- Page Count: 10
- Language: English
