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Görüntüleme (gezinme ile): 5 -- Görüntüleme (arama ile): -- IP: 18.116.63.174 -- Ziyaretçi Sayısı:
Özgün Başlık Managing Financial Instability in Emerging Markets : a Keynesian Perspective Yazarlar Yılmaz Akyüz Dergi Adı ODTÜ Gelişme Dergisi Cilt 2008, Cilt 35, Sayı 1, ss. 177-207 Anahtar Kelimeler financial instability ; countercyclical policy ; financial regulation Özet The Keynesian analysis of financial instability as developed by Hyman Minsky provides considerable insights into understanding the nature and dynamics of boom-bust cycles driven by international capital flows in emerging markets. Its main policy conclusion that financial control rather than macroeconomic policy holds the key to financial stability is equally valid. There is, however, need to develop a new approach to financial control and place greater emphasis on managing capital inflows than has hitherto been the case. |