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