Theoretical Link between the Economic and Financial Crises in Evolution Cover Image

Теоретична връзка между икономическите и финансовите кризи в еволюция
Theoretical Link between the Economic and Financial Crises in Evolution

Author(s): Vessela Todorova
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: JEL B22; E65

Summary/Abstract: There are arguments, that the theory of financial instability and financial crises has failed to explain why the price and quantity assessment are the most important tools in generating a permanent surplus in the demand for loans and the changes in the level of extended loans; how much the macroeconomic volatility is identified with the financial fluctuations; what is the impact of the monetary policy and whether it is possible to be used for stabilizing the financial systems and the aggregate production; whether the International Monetary Fund could act as a global lender of last resort in order to stabilize the world finances.

  • Issue Year: 2011
  • Issue No: 4
  • Page Range: 55-74
  • Page Count: 20
  • Language: Bulgarian
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