Regimes de financiamento, risco crescente do endividamento e fragilidade financeira
DOI:
https://doi.org/10.1590/S0101-41612005000200004Keywords:
indebtedness, increasing risk, financial fragilityAbstract
It is developed a short-run macromodel in the post-keynesian tradition, in which credit supply is endogenous and firms' debt position is explicitly modeled. The conditions under which each one of the minskyan financing regimes will prevail are related not only to the degree of indebtedness and the level of interest rate, but also to the parameters of firms' desired investment function and the saving propensity of productive and financial capitalists.Downloads
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Copyright (c) 2005 Gilberto Tadeu Lima, Antonio J. A. Meirelles
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