1 / 11

Use It or Lose It Understanding Financial Crises through an Evaluation of Creditor Behaviour

Use It or Lose It Understanding Financial Crises through an Evaluation of Creditor Behaviour. Presentation for University of Auckland Public Policy Group by Keith Rankin Dept of Accounting and Finance Unitec New Zealand Thursday, 29 October 2009 http://pol-econ.com/GFC.

sierra
Download Presentation

Use It or Lose It Understanding Financial Crises through an Evaluation of Creditor Behaviour

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Use It or Lose ItUnderstanding Financial Crises through an Evaluation of Creditor Behaviour Presentation for University of Auckland Public Policy Group by Keith Rankin Dept of Accounting and Finance Unitec New Zealand Thursday, 29 October 2009 http://pol-econ.com/GFC

  2. Balanced Global System with two economic agents

  3. Balance of Payments: Normal State of Global System

  4. Balance of Payments: Stable System - Static note

  5. Balance of Payments: Stable System – Alternates with Fig 1

  6. Balance of Payments: Unstable System – Excess Credit Accumulation

  7. Balance of Payments Definitions

  8. Ponzi Finance defined in Balance of Payments terms

  9. Balance of Payments: Stable System - Static note:D's household is fully employed;C's household members should be enjoying more leisure than D's. ButC may reward his household members in proportion to what they produce!

  10. Balance of Payments: Unstable System – Excess Credit Accumulation note:simple Ponzi system: t=0; i>0; i+f=0otherwise: t>0; i>0; i+f<0

More Related