Finance, Competition, Instability, and Development Microfoundations and Financial Scaffolding of the Economy

Jan Kregel and Leonardo Burlamaqui

The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics from TUT Institute of Public Administration

Abstract: The present paper attempts to utilize “the knowledge-based” nature of firms’ operations as set out in the diverse theoretical frameworks to stress the importance of organisational and managerial techniques in the creation of market dominance by particular financial firms in the same way that these theories have analysed industrial firms. The article will also analyze the process of competition between different firms and between different financial structures in terms of the impact of different organisational regimes on profitability, efficiency, and instability of the economic system. As the result, the diverse policy recommendations concerning financial regulation, institution building, and microfinancial structure are given.

New Economics Papers: this item is included in nep-com, nep-fmk and nep-pke
Date: 2006-01
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